May 26, 2017/IOSCO

As chair of IOSCO, I welcome the publication by BIS of a global code of conduct for wholesale foreign exchange markets on 25 May 2017. IOSCO is currently engaged in other areas of wholesale market conduct falling within the remit of securities regulators and anticipates that this work, which we aim to finalise later this year, will also help underpin proper functioning of global wholesale markets.