News Formal

Financial services companies collaborate to build trust in markets - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 21 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Financial Services News

Trust

The aim of the collaboration is to build trust and confidence in the country's financial markets.

Over 13 financial services companies in South Africa have collaborated to launch the draft market surveillance code of conduct. It was launched at Investec’s Market Surveillance Conference in Sandton, Johannesburg yesterday.The market surveillance code of conduct will also seek to address market abuse and anti-competitive practices in the financial sector.

The Financial Sector Conduct Authority’s Olano Makhubela says, “The communication surveillance is something that was picked up on when the currency, the rand manipulation came up, which is about what people say in the chat rooms. And part of the message is, don’t say anything confidential or relating to confidential client information in those chats and then the trading aspect deals with market abuse.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Citizens Forum wants state funerals abolished - SABC News - Breaking news, special reports, world, business,The Forum says government can't justify spending taxpayers' monies on lavish state funerals.
Source: SABC News Online - 🏆 32. / 51 Read more »

Widespread cold front to hit SA on Sunday - SABC News - Breaking news, special reports, world, business,SAWS has issued a warning for a cold front expected to hit parts of the country on Sunday.
Source: SABC News Online - 🏆 32. / 51 Read more »