Data and buy-side engagement key to FX market self-regulation
Codes of conduct and market standards address poor behaviour in FX markets far more effectively than formal regulation − which has inadvertently altered the balance between liquidity providers and liquidity consumers, and could even discourage prudent behaviour. But, buy-side commitment and improved data transparency are recommended strategies to further improve behaviour.
Banks’ leading role turns to supporting cast
The word lending is entrenched within the definition of a bank. After all, what’s the point of a bank if it doesn’t lend? But with recent economic and regulatory changes buffeting financial institutions, this particular area of business has taken a blow.
Countdown to compliance
Help is at hand for securities firms implementing ISSA’s Financial Crime Compliance Principles
Re-assessing the risks
Serving low-risk clients in high-risk markets is made harder by financial crime compliance obligations, but not impossible