National Bank of Ukraine signs Statement of Commitment to the FX Global Code

The National Bank of Ukraine announced that it has signed up to the FX Global Code by executing a Statement of Commitment. The move commits the central bank to conducting its foreign exchange market activities in line with the Code’s principles for good practice in the global FX market and confirms that it has taken steps to align its activities with those principles. The statement has been published on the National Bank of Ukraine’s website and will later be added to a public registry in the Global Index of Public Registers. The FX Global Code, developed with the Bank for International Settlements and the ACI Financial Markets Association and most recently updated in December 2024, sets out 55 principles covering ethics, governance, execution, information sharing, risk management and compliance, and confirmation and settlement processes. More than 1,500 FX market participants have published Statements of Commitment, including 56 central banks, the European Central Bank and the Bank for International Settlements.