The Swiss National Bank has renewed its Statement of Commitment to the FX Global Code based on the revised version of the Code dated December 2024, attesting that its internal processes are consistent with the Code’s principles. It also expects its regular counterparties to comply with the agreed rules of conduct. The FX Global Code sets out principles of good practice in the wholesale foreign exchange market and was first published in 2017, with subsequent revisions by the Global Foreign Exchange Committee in 2021 and 2024. In the accompanying statement, the Swiss National Bank confirms it acts as a Market Participant as defined by the Code and has taken steps, proportionate to the size and complexity of its activities and its engagement in the FX market, to align its FX market activities with the Code’s principles.
Swiss National Bank 2025-05-12
Swiss National Bank renews commitment to the revised FX Global Code and expects counterparties to comply
The Swiss National Bank has renewed its Statement of Commitment to the FX Global Code, affirming that its internal processes align with the Code's principles. The Bank expects its regular counterparties to adhere to the agreed rules of conduct. The FX Global Code, first published in 2017 and revised in 2021 and 2024, outlines good practices in the wholesale foreign exchange market.