Global FC Code - Conduct, Principles and Clarity
Short course
Online
Description
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Type
Short course
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Level
Beginner
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Methodology
Online
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Duration
Flexible
After a three-year review, the Global FX code was updated in July 2021 to strengthen conduct standards and reflect changes in the FX markets.
Failing to adhere to the Code, can lead to severe penalties for both firms and individuals. Regulators and central banks in all major jurisdictions expect both buy-side and sell-side FX market participants to have committed to the Code. The Global Foreign Exchange Committee often carries out surveys to check how the Code has been implemented, including checking that committed companies are training their staff regularly on the principles.
Created by experts who have worked in organisations that needed to carry out major remediation following on from FX misconduct in 2013, this course uses case studies based on real situations and prosecutions to enable you to:
- understand the importance of the Code and grasp the regulatory and reputational risk of non-compliance
- learn about the principles of the Code, how to execute it, your personal accountability and what is good practice in governance
- appreciate the practical issues with confirmations and settlements
- be able to demonstrate to the regulator that you take your market participation seriously
- recognise the commercial advantage compliance to the Code will afford you and your organisation
Reviews
This centre's achievements
All courses are up to date
The average rating is higher than 3.7
More than 50 reviews in the last 12 months
This centre has featured on Emagister for 2 years
Subjects
- Compliance
- Knowledge
- Confidence
- Understanding
- Best Practice
Teachers and trainers (1)
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N/A
Course programme
ICA qualifications are recognised, benchmarked qualifications used by regulators, education authorities and services as evidence of competence and ‘fitness and properness’ to undertake compliance roles. ICA qualifications are awarded at Certificate level (assessed at level 2), Advanced Certificate level (assessed at level 4), Diploma level (assessed at level 6) and Professional Post Graduate level programmes (assessed at level 7). The Certificate level qualifications align with benchmarks established for the UK’s National Qualifications Framework (NQF). The qualifications at levels 4 - 7 align with benchmarks established by the Quality Assurance Agency for Higher Education (QAA), which are mapped in accordance with the Framework for Higher Education Qualifications (FHEQ) in England, Wales and Northern Ireland. All qualifications are quality assured through and awarded in association with Alliance Manchester Business School, The University of Manchester.
Global FC Code - Conduct, Principles and Clarity