Financial Markets Standards Group recommended
JOHANNESBURG – The Financial Markets Review released this week after a two-year consultation period recommends among other measures the formation of a Financial Markets Standards Group (FMSG) to ensure its members comply with the required standards and norms among other measures..
National Treasury, the South African Reserve Bank (Sarb) and the Financial Sector Conduct Authority (FSCA) released the final report, which follows a consultation period that started in September 2018 and provides recommendations for conduct practices in domestic over-the-counter fixed income, currency, commodities and derivatives financial markets.
The review offered a broad range of policy alternatives and many of the recommendations highlighted areas,which required modernisation.
Source: iol.co.za