EnglishThe foreign exchange (forex) market needs "a fine tuning", not a radical reform, and the emphasis should be placed on raising trader standards, David Walker, CEO of British bank "Barclays" thinks.
In his opinion, a strict reform would affect the market, "throwing the baby our with the bathwater", meaning that raising trader standards would be the best solution.
"The forex market needs a sensitive fine tuning. That is what must be worked on", Walker said.
"Barclays" was the first bank in the world fined in the row over the manipulation of Libor rates. The global regulators are conducting a wide investigation concerning the manipulation of interest rates and currency markets.
Euro
Dolar SUA
Franc elveţian
Liră sterlină
Gram de aur
