Banks call for compulsory exams for FICC professionals
Banks support mandatory qualifications – including conduct training - in fixed income, commodities and currency trading and warn against structural changes to the 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
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