The National Bank of Denmark has issued a renewed Statement of Commitment to adhere to the updated FX Global Code, alongside all members of the European System of Central Banks. The renewal confirms that, when acting as a foreign exchange market participant, the central bank will apply the Code’s updated principles and align internal practices and processes accordingly. The FX Global Code was first published in 2017 and previously updated in 2021, with a further update made in December 2024 by the Global Foreign Exchange Committee to keep it aligned with developments in the foreign exchange market and to set standards for best market practice. The European System of Central Banks comprises the European Central Bank and the national central banks of all EU Member States, whether or not they have adopted the euro. The European System of Central Banks central banks are also urging foreign exchange market participants in their jurisdictions to review the updated Code and renew their own Statements of Commitment.
National Bank of Denmark2025-10-09
National Bank of Denmark renews commitment to the updated FX Global Code
The National Bank of Denmark has reaffirmed its commitment to the updated FX Global Code, aligning with the European System of Central Banks. This renewal ensures adherence to the Code's principles and alignment of internal practices. The central banks are also encouraging market participants to review and renew their commitments to the updated Code.