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Debelle: The Global Code of Conduct for the Foreign Exchange Market
Thank you for having me here today to talk about the Global Code of Conduct for the Foreign Exchange Market. As I hope most of you know, Phase 1 of the Code was launched in New York in late May.[1] The Code is pretty easy to find. It is available on the JSC website or via the Bank for International Settlements (BIS) website. Today I will reiterate the motivation for the work we are doing on the Global Code, then update you on where we are at with the process and outline the way forward. Why is the work going on? As I have stated on previous occasions, the foreign exchange (FX) industry is suffering from a lack of ... (full story)