Central banks stress commitment as FX Global Code launches
Central banks state they will comply, and expect counterparties to do the same
As the FX Global Code was unveiled today (May 25), central banks worldwide moved quickly to stress their commitment to the document.
Central bank governors from advanced and emerging economies making up the Basel-based Global Economy Meeting (GEM) gave their support in a statement. Separately, eurozone central banks and a group of major Asian central banks also laid out their commitments. Regulators including the European Banking Authority and the UK’s Financial Conduct Authority welcomed the
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