UK markets review focuses on FICC structure and conduct

Fair and Effective Markets Review highlights causes of FICC market misconduct

Minouche Shafik, Bank of England

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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