Doubts and ambiguity remain around forex code of conduct

Customers face more responsibility for understanding dealing terms and more measures may be needed, sources say

maze-businessman
Where now? The variety of ways in which banks disclose practices leaves clients facing a maze of confusion

The final version of the principles contained in the Global Code of Conduct (GCC) for foreign exchange markets is unlikely to require dealers to standardise their practices or the level of disclosure around their activities when dealing with clients, sources have told FX Week, but developments in contentious areas are expected within weeks.

During the past month, working groups involved in the creation of the final version of the GCC, due to be published in May, have been pushing to reach an

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