Published On: Fri, Feb 24th, 2017

Regulation doesn't get you to a better place than principles

Paul Chappell at C-View

Paul Chappell: there is a grim determination from regulators to make the Global Code work

Prescriptive regulation can be as difficult to interpret as principles-based rules, despite a consensus view among delegates at FX Invest Europe in Zurich that the Global Code of Conduct (GCC) will not be enough to restore trust in foreign exchange markets. A poll question to the audience revealed scepticism among buy-side market participants that the principles set to be outlined in the GCC, when…

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