ANZ Bank New Zealand today announced that it has signed a statement of commitment to the FX Global Code of Conduct, set to come into effect in May 2018. The code is a single set of global principles which define good practice for the wholesale FX market.
In signing the statement ANZ has reinforced its full support for the FX Global Code and confirmed its commitment to act in its capacity as a FX Market Participant consistent with principles of the code.
ANZ Managing Director Markets Shayne Collins, commented:
ANZ fully supports the code and we have been one of the first banks globally to move to the higher standards.
We are constantly looking to lift the benchmark on our compliance, assurance and operating frameworks. The work we have done across all areas of our business to ensure alignment to the FX Code, has confirmed to us that we are in a very strong position,” Mr Collins added.