In a dispute between the dealer and a broker, the Model Code recommends that this should be referred in the first instance to:
A) Central bank.
B) Senior management of the bank and the brokerage fi
C) Head of compliance.
D) ACI's Committee for Professionalism (CFP).

Question

Quizplus · Accepted Answer

The Model Code recommends that disputes between a dealer and a broker should be referred in the first instance to senior management of the bank and the brokerage firm. This allows for a swift resolution and avoids the need for escalation to higher authorities. Options A, C, and D are not the recommended first steps for handling such disputes.

In a Dispute Between the Dealer and a Broker, the Model