Clearing and Settlement

On 24 January 2025, the Global Foreign Exchange Committee (GFXC) issued a press release announcing that it had completed its review of the FX Global Code (Code).

This latest version of the Code will supersede the July 2021 version. Updates have been made to five of the Code’s fifty-five principles to…

The Global Foreign Exchange Committee (GFXC) has issued a press release following its virtual meeting on 5–6 December 2024.

Among other things the press release notes that:

  • The GFXC considered the final version of the amendments to the FX Global Code (Code) and the GFXC membership expressed strong support for the
…

On 15 October 2024, the Committee on Payments and Market Infrastructures (CPMI) issued the following reports which offer insights into enhancing cross-border payments by facilitating the interlinking and interoperability of payment systems:

  • Linking fast payment systems across borders: governance and oversight – final report. This final report informs owners and operators of
…

On 13 February 2024, the Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published a report ‘Streamlining variation margin in centrally cleared markets – examples of effective practices’.

In September 2022, the Basel Committee on Banking Supervision, CPMI and…