Norges Bank supports the FX Global Code
The FX Global Code represents the culmination of a two-year collaborative initiative between central banks and private sector market participants from across the globe. The code is voluntary and covers important areas including ethics, governance, execution, information-sharing, risk management and compliance as well as confirmation and settlement. The FX Global Code was published on 25 May 2017.
Norges Bank welcomes the publication of the FX Global Code. The principles in the Code set out good practices for market participants to follow and promote well-functioning foreign exchange markets, underpinned by high ethical standards.
Norges Bank is supporting the FX Global Code and aims to endorse the Statement of Commitment annexed to the Code by the end of 2017. We encourage our regular counterparties to do the same when their practices are consistent with the principles of the FX Global Code.
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