Guy Debelle on the FX Global Code and the rise of the buy side
Code’s creators considering updates to sections on last look and pre-hedging
In November Guy Debelle received some good news: Vanguard, the world’s second-largest asset manager, finally signed up to the FX Global Code. The deputy governor of Australia’s central bank had been instrumental in designing the guidelines, and the new signatory was a big PR win for the code.
Vanguard was one of a number of holdouts among large asset managers that have yet to adopt the code of conduct, first published in May 2017. Others, including Aberdeen Standard Investments, Allianz Global
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