Tag: Reserve Bank of Australia

Reserve Bank of Australia

RBA, ANZ Commits to FX Global Code

The Reserve Bank of Australia and ANZ have announced that they have signed a statement of commitment to the FX Global Code of Conduct.
At the beginning of the month, Profit & Loss reported that 15 central banks had signed this statement of commitment to the Code and in a separate article, noted comments from Mark Carney, governor of the Bank of England, in which he said that the Code may become “more firmly embedded” in the UK’s Senior Managers Regime (SMR), a move which could potentially lead to tangible penalties for firms that do no comply with the Code.

RBA FX Division Gets New Head

Dr Bradley Jones has been appointed to the position of head of International Department at the Reserve Bank of Australia.
In a statement, the RBA says it considered what it terms a competitive field of internal and external candidates for this role, which will become vacant following the retirement of Chris Ryan later this year.
Jones will join the RBA in early 2018 from the International Monetary Fund (IMF), where he has worked in the Monetary and Capital Markets Department since 2013.

P&L Talk Series: Guy Debelle

Guy Debelle, deputy governor of the Reserve Bank of Australia and chair of the FX Working Group responsible for producing the Global Code, discusses his hopes and ambitions for the much-awaited document with Colin Lambert.

Colin Lambert: May 25 sees the full Code released after two years of work, what is your message to the wider market that is seeing it in its entirety for the first time?

Guy Debelle: I would like to stress that this has very much been a public/private endeavour to move the FX market to a better place by providing guidance around what constitutes good practice.

Debelle Appointed Deputy Governor of RBA

The man responsible for guiding the new foreign exchange markets’ Global Code of Conduct, Guy Debelle, has been named as deputy governor of the Reserve Bank of Australia as part of the changes taking place as current governor Glenn Stevens steps down in favour of new incumbent Philip Lowe. Lowe was named as the new governor in May and has welcomed Debelle’s appointment as he steps up from assistant governor (markets), where part of his work was heading the BIS FX Working Group