A number of foreign exchange committees, including the London Foreign Exchange Joint Standing Committee, have jointly published a statement in which they state that they are working together to consider how best to incorporate into their best practices documentation the relevant guidance recommended in the Financial Stability Board’s Foreign Exchange Benchmarks: Final Report (FSB Report). They also strongly recommend that all foreign exchange market participants review the FSB Report and ensure that these and other best practices published by the foreign exchange committees guide the behaviour of participants in foreign exchange markets.
View Joint Statement on the Financial Stability Board’s Foreign Exchange Benchmarks Report, 21 January 2015