BIS releases final forex code of conduct

BIS releases principles for good conduct in foreign exchange markets

The Bank for International Settlements, Basel
BIS: firms adhering to its code will sign a statement of commitment
Ulrich Roth

The Bank for International Settlements (BIS) has published the final version of its Foreign Exchange Global Code of Conduct – containing 55 principles outlining good practices in currency markets – as well as a document setting out the adherence framework for the voluntary set of guidelines.

The document, published today (May 25), is organised around six leading principles: ethics; governance; execution; information sharing; risk management and compliance; and confirmation and settlement.

The

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