In that regard, we have reached out to more than 120 industry associations and key market infrastructure providers globally. In Australia, that includes AFMA and the Finance and Treasury Association, as well as the NZFMA. Ultimately the success of the Code in promoting integrity and restoring confidence in the wholesale FX market lies in the hands of its participants.
6  Basel III “is a comprehensive set of reform measures, developed by the Basel Committee on Banking Supervision, to strengthen the regulation, supervision and risk management of banks.” See www.bis.org/bcbs/basel3.htm. 7  The Office of the Superintendent of Financial Institutions (OSFI) has obliged Canadian banks to meet or exceed Basel III standards on an accelerated timetable.