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The BIS hosts nine international organisations engaged in standard setting and the pursuit of financial stability through the Basel Process. A global code of conduct for wholesale foreign exchange markets was released in London on 25 May The publication is the culmination of a two-year effort by members of the central bank Foreign Exchange Working Group FXWG , in close cooperation with currency market participants.

The FXWG also produced a Report on Adherence setting out a framework to promote awareness and incentivise adherence to the Code's standards. Central bank Governors participating in the Global Economy Meeting welcomed the publication of the Code and the establishment of the new committee press release.

The Foreign Exchange Working Group FXWG was set up in to establish a single set of global principles of good practice for foreign exchange markets. The group's objectives were to:. The group's membership covered major financial centres in both advanced and emerging market economies, and its work was supported by a private sector Market Participants Group MPG. The work was divided into two stream: one focused on drafting the Code and the other on developing proposal on adherence. The first phase of the Code was published in May and the full version in May The first phase of the global code of conduct for wholesale foreign exchange markets and principles for adherence to the new standards were released on 26 May in New York.

The following documents were released:. Do not show again. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Dow Jones.

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