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Exclusive: Russian central bank may ask banks to forewarn it about big FX deals

Reuters  |  MOSCOW 

By Elena Fabrichnaya and Andrey OstroukhMOSCOW (Reuters) - Russia's central bank is considering asking banks and major companies to tell it in advance about foreign exchange deals that could affect the value of the rouble, three financial markets sources told Reuters. Some banks are resisting the proposal on the grounds that it could affect their own businesses and compromise client confidentiality, according to the sources, some of whom are involved in writing a new code of conduct for the forex market. A Russian finance ministry official denied the proposal would breach ethical standards, ...

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First Published: Mon, December 03 2018. 20:50 IST