FSB Unveils FX Benchmark Recommendations
The FSB is an international body comprising the European Commission, Group-of-20 (G20) nations and members of its predecessor, the Financial Stability Forum (FSF), chaired by Mark Carney, governor of the Bank of England. The report analyzes the calculation methodology of benchmarks such as the London 4 p.m. fix, along with increased trading activity around the fix and how this affects market stability, as well as how potentially abusive trading can occur.
Included among its 15 primary
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