BIS calls for wider adoption of FX Global Code

Yet some industry participants question the benefits of asset managers signing up to the voluntary principles-based document

Adoption call: BIS markets committee wants more FX asset managers to sign up to the FX Global Code

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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