The case for trade surveillance in FX and fixed-income markets

A central bank’s role is to provide its nation’s currency with price stability by controlling inflation and achieving steady GDP growth. As part of their mandates, central banks are among the governmental and independent bodies that set foreign exchange and interest rate benchmarks, and supervise trading worldwide.

This white paper details the case for trade surveillance and demonstrates the capabilities that are available to the central banks to advance their data surveillance capabilities. Providing a clear picture of the background of market surveillance issues, this paper explores what problems the central bank community has faced and offers key insights into the possible resolutions available.