By Marshall Bailey CFA , President,  ACI Financial Markets Association International
By Marshall Bailey CFA , President, ACI Financial Markets Association International

A open letter to e-Forex readers

Dear Reader, since my last contribution to this magazine I am pleased to report that we have made some unbelievably positive progress in our effort to help the markets industry on ethical conduct.

First Published: e-Forex Magazine 61 / Foreword / July, 2015

The ACI Financial Markets Association (ACI FMA) is focused on providing helpful outcomes on the future direction of the regulation of conduct oversight and education in the wholesale markets industry. In response to the FEMR Consultation under the Bank of England, the ACI and its many international members have received the endorsement to our Model Code from many large UK-based institutions, the European Central Bank’s FX Contact Group, the Reserve Bank of Australia’s FX Committee, and elsewhere. In fact, Code of conduct compliance is an FSB requirement! The ACI FMA has devised the e-Learning and Certification Portal to provide a way of helping bank deal with the plethora of conduct issues. Our work is having European-wide, but also global influence and impact. There is indeed tremendous value in ACI FMA’s articulated strategy of building a relevant educational and certification tool for global distribution. As such, I welcome the opportunity to discuss this in person, and review how...continued

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