I hope this article serves as a call to action for attendees at the International Monetary Fund and World Bank meetings, both public and private, to read the FX Global Code (FXGC) and seriously consider signing up to it through a statement of commitment.
The FXGC sets out principles of good practice in the foreign exchange (FX) market to provide a common set of guidance. It aims to help restore confidence and promote the effective functioning of the wholesale FX market. A well-functioning FX market is very much in the interest of all market participants.
