Central banks establish GFXC to monitor Global Code's progress
Public and private-sector partnership will include 16 central bank reps; Salmon as first chair and Puth as vice-chair
Representatives from the 16 largest foreign exchange trading centres established a perpetual vehicle for promoting and updating the Bank for International Settlements’ (BIS) FX Global Code of Conduct, called the Global Foreign Exchange Committee (GFXC), on May 24.
The joint public- and private-sector initiative will initially be chaired by Chris Salmon, executive director for markets at the Bank of England, who was in charge of developing the adherence framework during the two-year work on the
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