Fed Proposes Standards For Banks Dealing In Forex Transactions
By Jamila Trindle and Jeff Bater at Dow Jones Newswires
- Fed issues proposals on retail foreign-exchange transactions
- Proposals issued under Dodd-Frank, which tightened regulation of such transactions
- Proposals are similar to rules already issued by CFTC, FDIC
WASHINGTON -(Dow Jones)- The U.S. Federal Reserve issued proposed standards Thursday for certain types of foreign-exchange transactions that banks offer to retail customers.