FX Global Code, SMCR & Ethics – Example Webinar

Course Outline:

Using building blocks of knowledge transfer as well as scenarios and real life experiences we have structured a course specifically for members of the Broker Club. The eight blocks comprise:

Evolution of financial markets towards greater personal accountability

• The evolution towards greater personal accountability
• How personal can personal accountability get?
• Culture change and personal accountability
• Regulators approach to supervision and enforcement

The FX Global Code

• Importance of the Code
• Regulatory Risk Reputational Risk
• Commercial Advantage
• The core principles

The FX Global Code: Ethics Principles 1-3

• Highest ethical standards
• Maintaining high standards of behaviour
• Education
• Non-financial misconduct

The FX Global Code: Governance Principles 4 – 7

• Regulatory perspective
• Good practice
• Your responsibilities

The FX Global Code: Execution Principles 8-18

• Order Handling
• Benchmarks
• Pre-hedging
• Mark ups
• Last look Algorithms

The FX Global Code: Information Sharing Principles 19-23

• Confidential Information Communications 

The FX Global Code: Risk Management and Compliance Principles 24-41

• Compliance standards
• Risk management
• Your responsibilities

The FX Global Code: Confirmations and Settlement Principles 42-55

• Settlement risk in FX
• Practical issues
• Your responsibilities