| Last week, a working group at the Bank of International Settlements issued a new code of conduct governing global currency trading, a response to the most recent price-fixing scandal in the foreign-exchange markets.
The document contains non-binding “principles” that are entirely voluntary -- general guidelines for good behavior. Cynics could be forgiven for dismissing this as an empty gesture that lacks the coercive rules and punishments required to make global standards stick...............................................Full Article: Source
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