FX Global Code gains support from Barclays

UK bank says it is committed to implementing the good practices described in the Code

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Barclays: "Barclays is committed to putting the Global Code into practice by continuing to evolve our FX practices in a manner that is consistent with the principles in the Global Code"

Barclays became the first bank, on May 25, to indicate publicly that it is committed to putting the FX Global Code of Conduct (GCC) into practice – on the same day as the 55 principles outlined by the Bank for International Settlements’ (BIS) FX Working Group (FXWG) were published.

“Barclays welcomes and supports the publication of the complete GCC for the wholesale foreign exchange market. Over the last two years, Barclays has been actively involved in the development of the Global Code via

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