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 proposed amendments.
• The updated version of the Code will be finalised in December and published in early January 2025. It will be accompanied by a paper summarising the outcomes of the review and will include the responses received by the GFXC to the previous request for feedback on the proposals to amend the Code.
• The GFXC Working Groups’ plans for 2025 were presented, which will include an analysis of the FX settlement risk data from the 2025 BIS Triennial Central Bank Survey.