After a three-year review, the Global FX code was updated in July 2021 to strengthen conduct standards and reflect changes in the FX markets.
Failing to adhere to the Code, can lead to severe penalties for both firms and individuals. Regulators and central banks in all major jurisdictions expect both buy-side and sell-side FX market participants to have committed to the Code. The Global Foreign Exchange Committee often carries out surveys to check how the Code has been implemented, including checking that committed companies are training their staff regularly on the principles.
Created by experts who have worked in organisations that needed to carry out major remediation following on from FX misconduct from 2013, this course will enable you to:
understand the importance and core principles of the Code
grasp the regulatory and reputational risk of non-compliance
be able to demonstrate to the regulator that you take your market participation seriously
recognise the commercial advantage compliance to the Code will afford you and your organisation.
What you will learn:
This introductory course provides the background to the Code, core principles and the need for greater personal accountability through these modules: