The BBA has today submitted its response to the Bank of England and
HMT consultation on the Fair and Effective Markets Review on behalf of
the banking industry in the UK.
The BBA supports the objectives of the review and sees reform as vital to restore trust and confidence in financial markets and believes it is important for the UK to play a leading role in shaping the global agenda.
As such the BBA submission makes a number of positive proposals for policymakers to consider:
"Licence to trade" qualifications for all in financial markets. The BBA believes that everyone undertaking activity in wholesale FICC markets should be required to pass exams and become professionally qualified. This would not need to be one single qualifications for all markets but policymakers should work with the industry to identify which qualifications should be recognised as giving a "licence to trade".
Read More at Click here / www.trade4x.net
The BBA supports the objectives of the review and sees reform as vital to restore trust and confidence in financial markets and believes it is important for the UK to play a leading role in shaping the global agenda.
As such the BBA submission makes a number of positive proposals for policymakers to consider:
"Licence to trade" qualifications for all in financial markets. The BBA believes that everyone undertaking activity in wholesale FICC markets should be required to pass exams and become professionally qualified. This would not need to be one single qualifications for all markets but policymakers should work with the industry to identify which qualifications should be recognised as giving a "licence to trade".
Read More at Click here / www.trade4x.net
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