On Sept. 21st, Chris Salmon gave a speech at the ACI UK Summer Reception discussing the importance of the Global Conduct Code, and the future voluntary requirements for attestation by all market participants.
PUBLIC UPDATE ON ADHERENCE The Foreign Exchange Working Group (FXWG) was established by the BIS Governors to strengthen code of conduct standards and principles in foreign exchange markets. The motivation for this work derives from the desire to promote integrity and restore confidence in the wholesale foreign exchange market (FX market) in light of the […]
What is the Global Code? This set of global principles of good practice in the foreign exchange market (Global Code) is being developed to provide a common set of guidelines to promote the integrity and effective functioning of the wholesale foreign exchange market1 (FX Market). It is intended to promote a robust, fair, liquid, open, […]