Article summary
The European System of Central Banks (ESCB) has issued a press release welcoming the July 2021 update of the FX Global Code and the publication of related guidance material. With this global code on foreign exchange, participants in foreign exchange markets aim to promote a robust, fair, liquid, open and appropriately transparent foreign exchange market underpinned by high ethical standards. All members of the ESCB, including the European Central Bank (ECB), simultaneously issued renewed Statements of Commitment (the Statements) to the Code.
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