Bank for International Settlements Commits to FX Global Code of Conduct

[kreslik.news]

The Bank for International Settlements (BIS) has signed a statement of commitment to the FX Global Code of Conduct, which was developed by a partnership between central banks and market participants to enhance discipline in the foreign exchange market.

Basel-based BIS, owned by around 60 central banks, joins a number of early adopters who have pledged to adhere to the code’s principles, which are expected to reform conduct and behaviour in foreign exchange and develop a renewed sense of trust in the sector.

The FX Global Code consists of 55 principles of good practises that will function as a guide to ethical ... (read more)