UK markets review focuses on FICC structure and conduct
Underlying causes of serious FICC market misconduct highlighted in consultation paper, as the UK's Fair and Effective Markets Review takes stock of regulatory steps taken so far
The Bank of England admits it has set itself an "enormous" task as it consults – with the Financial Conduct Authority and the UK Treasury – on ways to improve the fairness and effectiveness of the fixed income, currency and commodities (FICC) markets, including an evaluation of ongoing regulatory and industry-led reforms.
Launched on October 27 by the Bank of England's deputy governor, Minouche Shafik, the consultation paper 'How fair and effective are the fixed-income, foreign exchange and
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