GFMA Global FX Division welcomes Global Code of Conduct for FX market London, UK, 26 May 2016 Commenting on the launch of the Foreign Exchange Working Group's Global Code of Conduct for the FX market, James
Release Date: 11 May 2015 Contacts: David Waller +44 0207 743 9504, david.waller@afme.eu; Anna Schoeffler +44 0207 743 9367, anna.schoeffler@afme.eu - See more at: http://www.gfma.org/initiatives/foreign-exchange-(fx)/gfma-comment-on-fca,-cftc-and-finma-announcements/#sthash.tC7GSL3a.dpuf London, UK, 11 May 2015 - Commenting on the BIS Economic Consultative Committee statement on FX market best practices today, James Kemp, Managing Director, Global FX at the Global Financial Markets Association (GFMA), which represents 24 banks in the FX market, said: “There is clearly a very strong industry desire for coordinated alignment of the regional codes of conduct, encompassing all market participants. Driving this through the Basel Committee will help reduce duplication and create a common reference point for the industry on a global basis. This is an opportunity for market participants to work with regulators and supervisors to demonstrate that they can put the right controls and guidance in place. As demonstrated by various initiatives already underway the GFMA’s FX Division is highly supportive of this initiative.” -ENDS- The Global Financial Markets Association (GFMA) brings together three of the world's leading financial trade associations to address the increasingly important global regulatory agenda and to promote coordinated advocacy efforts. The Association for Financial Markets in Europe (AFME) in London and Brussels, the Asia Securities Industry & Financial Markets Association (ASIFMA) in Hong Kong and the Securities Industry and Financial Markets Association (SIFMA) in New York and Washington are, respectively, the European, Asian, and North American members of GFMA.
Release Date: 30 March 2015 Contacts: David Waller +44 0207 743 9504, david.waller@afme.eu; Anna Schoeffler +44 0207 743 9367, anna.schoeffler@afme.eu; Liz Pearce +1 (212) 313-1173, lpearce@sifma.org GFMA comment on release of a "Global Preamble: Codes of best market practice and shared global principles" for FX markets London, UK, 30 March 2015 ‐ Commenting on the release today of a "Global Preamble: Codes of best market practice and shared global principles" by the eight foreign exchange market committees of the major financial markets, James Kemp, Managing Director, Global FX at the Global Financial Markets Association (GFMA), said: “The publication of a single set of high level conduct principles for the foreign exchange market is a key step in harmonising global conduct standards for the industry and is fully supported by the GFMA's Global FX Division. "Sitting above the existing regional codes, these principles will ensure practices across the global FX market are consistent and coherent for the benefit of all market participants, and we believe will support further regional code alignment. "The principles also provide more welcome guidance to dealers and market participants on key issues such as confidential information and communication, and build on the FSB work around the execution of orders in daily benchmark fixing sessions." # The Global Financial Markets Association (GFMA) brings together three of the world's leading financial trade associations to address the increasingly important global regulatory agenda and to promote coordinated advocacy efforts. The Association for Financial Markets in Europe (AFME) in London and Brussels, the Asia Securities Industry & Financial Markets Association (ASIFMA) in Hong Kong and the Securities Industry and Financial Markets Association (SIFMA) in New York and Washington are, respectively, the European, Asian, and North American members of GFMA.
