The Riksbank adheres to the FX Global Code
News The Riksbank has signed the Statement of Commitment annexed to the FX Global Code of Conduct. By signing, the Riksbank demonstrates its adherence to the principles of the Code in its internal practices and processes.
The FX Global Code states the importance of promoting effective functioning and good practices in the wholesale foreign exchange market. The Riksbank encourages all participants in the Swedish FX market to follow the Code. In particular, the Riksbank expects counterparties with which it conducts foreign exchange transactions to sign the Statement of Commitment by 25 May 2018, that is, within 12 months of the launch of the Code in May 2017.
All central banks in the European System of Central Banks (ESCB) are strongly committed to supporting and promoting adherence to the FX Global Code. In addition to the Riksbank, 14 of the ESCB central banks, including the European Central Bank, today also published their Statements of Commitment to the Code. The remaining ESCB central banks will follow in 2018.