May 25, 2017 / 1:31 PM / a year ago

Mexico local forex committee to begin operating before year end-Carstens

MEXICO CITY, May 25 (Reuters) - Mexico’s central bank governor Agustin Carstens said on Thursday that a new local foreign exchange committee to promote market discipline and ethics will be operating by the end of 2017.

The bank announced the committee and a new code of conduct governing foreign exchange and bond trading on Wednesday, in the wake of a probe by Mexico’s anti-trust agency into collusion by major banks to fix prices in central bank debt auctions.

Reporting By Alexandra Alper; Editing by Chizu Nomiyama

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