Restoring trust in the foreign exchange market – the FX Global Code of Conduct
After one year of the FX Global Code of Conduct, the ECB’s Christophe Beuve and Roswitha Hutter give an update
In May 2017, the Global Foreign Exchange Committee, a partnership between central banks and market participants from 16 jurisdictions around the globe, launched the FX Global Code, a set of global principles of good practice, to restore trust and promote a fair and transparent foreign exchange market.
Since then, more than 150 market participants, including all 28 national central banks of the European Union and the European Central Bank, have demonstrated their adherence to the Code by
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