FX Global Code: Difference between revisions
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These aim to provide a common set of guidelines to promote the integrity and effective functioning of foreign exchange markets. | These aim to provide a common set of guidelines to promote the integrity and effective functioning of foreign exchange markets. | ||
<span style="color:#4B0082">'''''Good practice as standard'''''</span> | |||
:"Both the FX Global and the UK Money Market Codes are voluntary, but drafted to encourage the broadest possible range of market participants to become involved by signing up to the statement of commitment. | |||
:The overarching principle of both of these codes is that market participants should strive for the highest ethical standards." | |||
:''The Treasurer magazine, November 2017, p25 - Kallum Pickering, associate policy and technical director at the Association of Corporate Treasuers.'' | |||
Revision as of 12:28, 22 November 2017
Foreign exchange
The FX Global Code is a set of global principles of good practice for the wholesale foreign exchange markets developed by the Bank for International Settlements (BIS).
These aim to provide a common set of guidelines to promote the integrity and effective functioning of foreign exchange markets.
Good practice as standard
- "Both the FX Global and the UK Money Market Codes are voluntary, but drafted to encourage the broadest possible range of market participants to become involved by signing up to the statement of commitment.
- The overarching principle of both of these codes is that market participants should strive for the highest ethical standards."
- The Treasurer magazine, November 2017, p25 - Kallum Pickering, associate policy and technical director at the Association of Corporate Treasuers.
See also
- Bank for International Settlements
- Compliance risk
- Foreign exchange
- Foreign Exchange Committee
- FXWG
- GFXC
- MPG
- UK Money Markets Code
Other links
Association of Corporate Treasurers (ACT) FX Global Code resources
