“Human risk is the biggest risk facing the FX market right now,” says Galen Stops, Markets Editor at Profit and Loss Magazine. Interviewed in this video, he shares his perspective on this key concern facing the industry.
The FX scandal provided a startling example of how surveillance weaknesses in the FX divisions of global banks were failing to identify human risk. The damage in fines and reputations was only the start. Regulators are continuing to strengthen their hand and demand deeper insight into the behaviors and underlying intentions of traders.