Code of conduct soon for money and forex markets

BNM Governor Datuk Muhammad Ibrahim

KUALA LUMPUR: Bank Negara is expected to unveil a new code of conduct for the Malaysian wholesale money and foreign exchange (forex) markets by January next year to enhance the professional and ethical standards of the financial industry.

According to central bank governor Datuk Muhammad Ibrahim, the consultation paper on the new code of conduct for the wholesale money and forex markets, which was launched yesterday, would undergo a one-month period of gathering feedback from industry players before being finalised and launched early next year.