BIS calls for wider adoption of FX Global Code
Some industry participants question the benefits of voluntary principles
The Bank for International Settlements’ (BIS) markets committee is calling for more asset managers in the foreign exchange market to adopt the FX Global Code.
Jacqueline Loh, chair of the markets committee and deputy managing director of the Monetary Authority of Singapore, has written to Guy Debelle, chair of the Global Foreign Exchange Committee (GFXC) and deputy governor of the Reserve Bank of Australia, to say that while a significant number of market participants have posted statements of
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