The Bank of England has published the responses it has received to the consultation by the Fair and Effective Markets Review (FEMR) on the fairness and effectiveness of fixed income, currency and commodities markets.
Amongst the responses, the Market Practitioner Panel, which was set up to support the FEMR by providing a channel through which market participants can engage with and contribute to it, identifies three recurrent themes, namely the need:
- for clear, consistent and sufficiently practical guidelines on acceptable market conduct;
- to establish consistency in codes and standards applied across and within firms; and
- to find a means to capture and share best market practices as they evolve.
View Fair and Effective Markets Review consultation responses, 24 February 2015