NY Fed Signs Global Code Statement of Commitment

The Federal Reserve Bank of New York has released its Statement of Commitment to the FX Global Code. Using the common language of these releases, the New York Fed says it has reviewed the content of the Code “and, in issuing this Statement of Commitment, has confirmed that it acts as a Market Participant as defined by the Code. The New York Fed is committed to conducting its foreign exchange market activities, when acting as a Market Participant, in a manner consistent with the principles of the Code.”