The Global Foreign Exchange Committee was established in May 2017 as a forum bringing together central banks and private sector participants with the aim to promote a robust, fair, liquid, open, and appropriately transparent Foreign Exchange (FX) market in which a diverse set of participants, supported by resilient infrastructure, are able to confidently and effectively transact at competitive prices that reflect available information and in a manner that conforms to acceptable standards of behaviour.

The FX Global Code is a set of global principles of good practice in the foreign exchange market... READ MORE

Download the FX Global Code July 2021

Download Statement of Commitment

Mr Guy Debelle, Chair of the GFXC, and other GFXC members and senior market participants explain the importance of the GFXC for the foreign exchange market and why adherence to the Code’s principles of good practice is vital to promote the effective functioning of the market.

LEARN MORE from GFXC members and senior market participants

 

The GFXC completed the first 3 year review of the FX Global Code with the publication of the updated Code on 15 July 2021 , alongside new templates for disclosures and a guidance paper on pre-hedging . Read the summary of the outcomes of the review.

15 July 2021

GFXC updates FX Global Code, publishes new templates for disclosures and guidance paper on Pre-hedging. Read the Press Release

8 June 2021

GFXC Chair responds to commentary on draft guidance paper on pre-hedging. Read the letter

11 May 2021

GFXC publishes Request for Feedback on draft guidance papers for pre-hedging and last look. Read the Press Release

8 April 2021

As its review of the FX Global Code nears completion, GFXC publishes Request for Feedback on proposed changes to the Code and draft disclosure templates. Read the Press Release