ECB and RBA warn on Global Code adherence
Representatives from the central banks tell delegates at two FX Week events the transition period is almost over
Senior central bankers from Europe and Australia have urged foreign exchange trading counterparties to commit formally to the FX Global Code of Conduct, warning the transition period, which began on May 25, 2017, is coming to an end.
At the time the document was published, central bankers and the creators of the Code estimated institutional market participants would take nine to 12 months to commit to the voluntary set of principles.
In the intervening months, several central banks, including
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