BIS starts work on forex code of conduct, led by Debelle

Working group aims to finalise code and enforcement methods by May 2017

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Guy Debelle, assistant governor for financial markets at the Reserve Bank of Australia

The Bank for International Settlements (BIS) has formed a new working group to develop a global code of conduct for foreign exchange market participants, with Guy Debelle as chair.

Debelle is currently assistant governor for financial markets at the Reserve Bank of Australia (RBA) and has chaired the BIS's Markets Committee since 2013. He will now also lead the forex working group, which operates "under the auspices" of the Markets Committee, the BIS said on July 24.

The working group has

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