Daniel Mminele: Market conduct and market best practice

Remarks by Mr Daniel Mminele, Deputy Governor of the South African Reserve Bank, at the ACI South Africa - The Financial Markets Association, Johannesburg, 1 June 2017.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Introduction

Good evening, ladies and gentlemen.

Thank you to ACI South Africa for inviting me this evening, and for creating the opportunity for us to interact on the very pertinent subject of market conduct issues and best market practice. 

In the over 60 years of its existence, ACI has made good progress in influencing industry behaviour and supporting market best practice, with member education and the promotion of the highest standards of ethical conduct being among the core principles guiding the work of the ACI worldwide. It is indeed always a pleasure to engage with you as our partners in the financial markets as we continue to strive towards promoting more effective and more efficient foreign exchange markets, our collective efforts aimed at increasing transparency, minimising risks, and enhancing confidence between ourselves as market participants and the people we serve.