IA supports the publication of the FX Global Code
Thursday 25 May 2017
The Investment Association (IA) supports the publication of the FX Global Code.
The IA supports the global code of conduct for the wholesale foreign exchange (FX) market which was released today in London. The FX Global Code establishes a common set of guidelines for good practice in the FX market, a vital part of the global financial system with turnover of more than $5 trillion a day. It was developed by a partnership between central banks and Market Participants from 16 jurisdictions around the globe.
Galina Dimitrova, Director of Investments & Capital Markets, IA comments:
“The Investment Association welcomes the publication of the complete FX Global Code of Conduct for wholesale FX market. The Code provides a blueprint for global best practice across the industry and will strengthen the integrity and effectiveness of the FX markets. The IA will continue to work with the Bank of England and our members to promote awareness and adherence to the Code, and to ensure FX markets operate fairly and transparently.”
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For further information, please contact:
Linsey White
Head of Media Relations
[email protected]
T 020 7269 4635
M 07508 724 022
About the Investment Association:
- The Investment Association is the trade body that represents UK investment managers who manage over £5.7 trillion on behalf of clients
- Our purpose is to ensure investment managers are in the best possible position to:
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- Build people’s resilience to financial adversity
- Help people achieve their financial aspirations
- Enable people to maintain a decent standard of living as they grow older
- Contribute to economic growth through the efficient allocation of capital
- The money our members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs.
- The UK is the second largest investment management centre in the world, after the US and manages 37% of all assets managed in Europe.
For further information, please contact:
For media, to receive the full consultation document, please contact Helen Ayres
Helen Ayres, Communications Manager: [email protected]
T +44 (0)20 7269 4620; M +44 (0)7508 724 066
IA press office: [email protected]
About the Investment Association (IA):
- The IA champions UK asset management, supporting British savers, investors and businesses. Our 250 members manage £7.7 trillion of assets and the asset management industry supports 100,000 jobs across the UK.
- Our mission is to make investment better. Better for clients, so they achieve their financial goals. Better for companies, so they get the capital they need to grow. And better for the economy, so everyone prospers.
- Our purpose is to ensure investment managers are in the best possible position to:
- Build people’s resilience to financial adversity
- Help people achieve their financial aspirations
- Enable people to maintain a decent standard of living as they grow older
- Contribute to economic growth through the efficient allocation of capital.
- The money our members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs.
- The UK is the second largest investment management centre in the world, after the US and manages 35% of all assets managed in Europe.
