Question

Following the discovery of significant market manipulation and coordinated malfeasance in 2013 and 2014 in the foreign exchange market, the Bank for International Settlements (BIS) proposed a set of global principles (Global Code) made of the following leading principles EXCEPT: Question 14 options: A) Ethics. B) Information sharing. C) Confirmation and settlement processes. D) Capital.

Answer 1

The Global Code proposed by BIS includes principles such as ethics, information sharing, and confirmation and settlement processes but not capital. Therefore, the correct option is D.

Step-by-step explanation:

After the discovery of market manipulation in the foreign exchange market during 2013 and 2014, the Bank for International Settlements (BIS) proposed a set of global principles known as the Global Code. The principles include areas such as ethics, information sharing, and confirmation and settlement processes. However, the principle of capital is not one of the leading principles included in the Global Code. Thus, the correct option in this case is D) Capital. The establishment of the International Monetary Fund (IMF) and the World Bank were key outcomes of the Bretton Woods Agreement at the end of World War II, aiming to regulate international trade and monetary relations, prevent national trade barriers, and establish a monetary system with the goal of economic stability and recovery in Europe.