The National Bank of Ukraine has joined the international FX Global Code
The National Bank of Ukraine has joined the FX Global Code, reaffirming its commitment to international standards of professional and ethical conduct. The regulator issued a formal statement and encouraged Ukrainian market participants to adopt these standards as well. This is reported by the portal PromPolitInform, citing information from the National Bank of Ukraine.
The FX Global Code consists of 55 principles of good practice designed to ensure the efficiency, transparency, and fairness of operations. The document was developed by central banks in collaboration with the private sector and first published in 2017.
The regulator officially joined the international standards on May 22, 2026. The text of the statement was published on the official website of the NBU and in the Global Index of Public Registers. Subsequently, on June 24, 2026, this matter was discussed at a meeting of the Foreign Exchange Joint Standing Committee.
Principles and structure of the FX Global Code
The guiding principles of the Code cover six main areas: ethics, governance, execution, information sharing, risk and compliance, and settlement. The document does not impose legal obligations and does not replace national legislation, but it serves as a widely recognized industry standard.
Support and periodic review of the norms are provided by the Global Foreign Exchange Committee (GFXC). This international forum brings together central banks and representatives of the financial sector to promote efficient trading practices.
Impact on the Ukrainian financial sector
The introduction of unified rules will help strengthen trust between counterparties, improve internal processes for managing FX risks, and facilitate the further integration of the Ukrainian market into the international financial space. The regulator expects that financial institutions in Ukraine will gradually adopt the Code’s standards at their own level.
Photo: National Bank of Ukraine
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