LONDON: Thousands of bond, currency and commodities traders in London
should have to pass an exam and obtain a new qualification to trade as
part of attempts to raise standards, Britain's bank lobby group said on
Wednesday.
The British Bankers' Association (BBA) said a "licence to trade" qualification and tougher codes of conduct should be introduced to strengthen trust in financial markets after a series of damaging scandals.
The BBA said everyone involved in FICC (fixed income, currencies and commodities) markets should be required to pass exams and be professionally qualified, although the qualification wouldn't need to be the same for all markets.
Read more at Click here / www.trade4x.net
The British Bankers' Association (BBA) said a "licence to trade" qualification and tougher codes of conduct should be introduced to strengthen trust in financial markets after a series of damaging scandals.
The BBA said everyone involved in FICC (fixed income, currencies and commodities) markets should be required to pass exams and be professionally qualified, although the qualification wouldn't need to be the same for all markets.
Read more at Click here / www.trade4x.net
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