The Bank of England has reaffirmed its commitment to the FX Global Code by renewing its Statement of Commitment. This renewal is based on the revised version of the Code, dated December 2024. The FX Global Code outlines principles for good practice in the foreign exchange market. Initially published in 2017, it has undergone updates by the Global Foreign Exchange Committee in July 2021 and December 2024.
By signing this Statement, the Bank of England confirms that its internal processes align with the principles outlined in the Code. The Bank also urges all participants in the FX market, including its counterparties, to adhere to and commit to the updated Code. This action supports the goal of maintaining a fair, transparent, and robust FX market upheld by high standards.
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