The Swiss National Bank (SNB) has reaffirmed its commitment to the FX Global Code by renewing its Statement of Commitment based on the updated version of the Code from December 2024. This renewal signifies that the SNB’s internal processes align with the principles outlined in the FX Global Code. The bank also anticipates that its regular counterparties will adhere to these established rules of conduct.
The FX Global Code, which outlines best practices in the foreign exchange market, was initially published in 2017. It underwent revisions by the Global Foreign Exchange Committee (GFXC) in both 2021 and 2024.
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