The guidelines for appropriate conduct are relevant for the buy side as well as the sell side. On the buy side it will also help to give you guidance as to what you can reasonably expect from your counterparty as you transact your FX business. As I mentioned earlier, the first phase of the Code was released earlier this year.
1  BIS Review 72/2000  Bearing all this in mind, let me talk about two issues. The first issue is, in the context of the US-Japan economic relationship in the late 1980s, why did the bubble emerge and how did monetary policy affect the emergence of the bubble?