The eight Foreign Exchange Committees from major financial centres
signed below welcome and support the publication of the first phase of the
single global code of conduct for the wholesale foreign exchange market (the “Global Code”). This is a
significant initiative and today marks an important milestone. We will continue
our active involvement in the development of the Global Code over the next year
and expect to endorse the Global Code and support widespread adherence to it
once the complete Global Code is published in May 2017.
While the sections of the Global Code published today are not
final, the members of the below FX committees will evolve their institutions’
FX practices to be consistent with the principles in the Global Code. To be
fully effective, the Global Code must become an integral part of the fabric of
the wholesale foreign exchange market. We are committed to achieving this,
working alongside central banks and other market participants around the globe,
to promote the integrity and effective functioning of the foreign exchange
market.
Australian Foreign Exchange Committee
Canadian Foreign Exchange Committee
ECB’s
Foreign Exchange Contact Group
Hong Kong Treasury Markets
Association
London
Foreign Exchange Joint Standing Committee
New York Foreign Exchange Committee
Singapore Foreign Exchange Market
Committee
Tokyo Foreign Exchange Market
Committee
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