Swedbank is proud to be a member of the Scandinavian FX Committee, where market participants from buy- and sell-side work together to govern and further develop the Code.

“Swedbank has participated in the development of the FX Global Code. These principles correspond well with our core values and our commitment to high ethical standards. We see the Code not as an end to a process, but rather as the beginning of an even better functioning FX market, where we have satisfied and loyal customers who trust us,” says Anders Thorsson, Head of FX at Swedbank.

About the FX Global Code
The FX Global Code December 2017 (Global Code) is a set of global principles of good practice in the foreign exchange market, developed to provide a common set of guidelines to promote the integrity and effective functioning of the wholesale foreign exchange market. It was developed by a partnership between central banks and market participants from 16 jurisdictions around the globe.

The purpose of the Global Code is to promote a robust, fair, liquid, open, and appropriately transparent market in which a diverse set of market participants, supported by resilient infrastructure, are able to confidently and effectively transact at competitive prices that reflect available market information and in a manner that conforms to acceptable standards of behaviour.

The Global Code does not impose legal or regulatory obligations on market participants, nor does it substitute for regulation, but rather it is intended to serve as a supplement to any and all local laws, rules and regulations by identifying global good practices and processes.

Full text of the FX Global Code

For further information:
Anders Thorsson, Head of FX, Swedbank, tel +46 70 885 65 44 
Josefine Uppling, Head of Press Office, Swedbank, tel +46 76 114 54 21