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 firm.
C) Head of compliance.
D) ACI's Committee for Professionalism (CFP).

Question

Quizplus · Accepted Answer

The Model Code recommends that a dispute between the dealer and a broker should be referred in the first instance to the senior management of the bank and the brokerage firm in order to resolve the issue at its lowest level. Only if this fails should the matter be escalated to external bodies such as the central bank or ACI's Committee for Professionalism (CFP). The head of compliance may also become involved in the resolution process, but it is not the recommended first step according to the Model Code.

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