Banks call for compulsory exams for FICC professionals

Better conduct could come from proven knowledge of markets and ethics

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Banks say regular testing would improve conduct in FICC markets

Leading global banks believe mandatory qualifications and regular testing for individuals working in the fixed income, commodities and currency (FICC) markets would improve conduct in an industry mired in scandals ranging from market manipulation to the misleading of clients.

The consensus emerged from responses, published on February 24, to a consultation on the Fair and Effective Markets Review. The review, led by the Bank of England, the UK Treasury and the Financial Conduct Authority, aims

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