The Federal Reserve’s supervisory program focuses on the enterprise-wide risk profile and risk management of those companies, with particular focus on financial strength, corporate governance, and riskmanagement practices and competencies of the company as a whole.
The Code sets out global principles of good practice in the FX market to provide a common set of guidance to the market. This will help to restore confidence and promote the effective functioning of the wholesale FX market. A well-functioning FX market is very much in the interest of all market participants.