Foreign Exchange Working Group

A global code of conduct for wholesale foreign exchange markets was released in London on 25 May 2017. The publication is the culmination of a two-year effort by members of the central bank Foreign Exchange Working Group (FXWG), in close cooperation with currency market participants. The Code will be maintained by a new Global Foreign Exchange Committee, a global association of FX committees.

The FXWG also produced a Report on Adherence setting out a framework to promote awareness and incentivise adherence to the Code's standards.

Central bank Governors participating in the Global Economy Meeting welcomed the publication of the Code and the establishment of the new committee (press release).