AFMA Launches Code SoC Site for Australia

The Australian Financial Markets Association (AFMA), supported by ACI Australia, has launched a Public Register for Statements of Commitment to the FX Global Code by participants in the wholesale Australian foreign exchange market.
AFMA and ACI Australia say they are currently accepting Statements of Commitment from market participants for uploading to the register.
AFMA says the opening of the Register “maintains Australia’s place at the leading edge of global developments in relation to good practice in wholesale foreign exchange markets”.

ASX Wins Race to Administer Key Australian Benchmark

The Australian Financial Markets Association (AFMA) has announced that it will transfer administration of the BBSW (bank bill swap rate) benchmark rate to ASX. It is the intention of both parties that ASX will administer BBSW from 1 January 2017.
AFMA says ASX was selected following a “highly competitive process” that Profit & Loss understands included Ice Benchmark and Thomson Reuters, which began in July 2016 with a public invitation for interested parties to register their interest as a potential alternate benchmark administrator for the rate setting.