In the FICC of it

In this week’s In the FICC of it podcast, Colin Lambert and Galen Stops discuss the Mark Johnson trial, pointing out that if the current verdict is upheld despite the ongoing appeal against it and ACIFMA’s decision to file an amicus brief in support of the appeal, it could have a very significant impact on both the Global FX Code and how the FX industry operates more broadly. They also look at why crypto regulation is unlikely to move as fast as some people in the industry would like, and why this might not be such a bad thing.

ACIFMA Extends Search for Next MD

ACI – The Financial Markets Association says it is extending the search window for its next managing director.
Profit & Loss understands that the association has already received several applications for the post from within its membership, but in light of the Northern Hemisphere summer and to ensure applications from the broadest possible pool, ACI has extended its search period to August 21.
The association says it is seeking “an experienced professional to manage and deliver the strategic objectives of the global association”.

ACI Commits Members to FX Global Code

ACI – The Financial Markets Association has announced that 2017 it is mandating its 9,000 members to explicitly commit to the FX Global Code of Conduct, the complete version of which will be released on May 25.
“In the three years since the process began to develop a single, global code of conduct for the FX market, the Foreign Exchange Working Group (FXWG) and Market Participants Group (MPG) have made enormous strides forward,” says Brigid Taylor, managing director of ACI.