RBA’s Debelle: Will require counterparties to commit to global FX code

RBA assistant governor Guy Debelle crossed the wires last minutes, via Reuters, making a speech on the recently launched global FX code.

Mr. Debelle made no comments on the economy nor monetary policy outlook.

Key Quotes:

"We will require that our counterparties sign the Statement of Commitment, just as we will ourselves"

"Adhering to the code is likely to become a requirement of Foreign Exchange Committee membership, in many cases before year end"