New FX Global Code deserves the attention of plan fiduciaries

The new FX Global Code of Conduct has become an area of great interest amongst institutional investors.  The recent Pensions and Investments article by George Gerstein, counsel at Stradley Ronon Stevens & Young LLP, answers two important questions for Asset Owners:

  • Why be aware of it?
  • Why comply?

Mr. Gerstein highlights principle 25, “…having an effective compliance framework governing FX activities, including processes designed to identify and eliminate abusive or manipulative practices, escalation procedures once issues are identified”.  FXT sees this as a strong call regarding proper independent currency monitoring practices, aka. FX TCA.    Click the link for the full article.

http://www.pionline.com/article/20170711/ONLINE/170719946/new-fx-global-code-deserves-the-attention-of-21st-century-plan-fiduciaries