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The United Kingdom’s Financial Conduct Authority (FCA) has embarked on a reinforcing effort to remind firms about the damage to the foreign exchange industry caused by malpractices. With the FX fixings scandal recently shaking the foundations of the most liquid market in the world, the UK regulator is reminding companies about the conduct they need to adhere to when trading.
After the material fines against 6 major banks, the FCA has launched a remediation programme for the foreign exchange trading industry. The goal of the initiative has been to make sure that companies can identify ... (read more)