SEB has signed a statement of commitment to the FX Global Code, which will ensure a robust, fair and transparent currency market distinguished by high ethics. The Code was established last year by central banks and market participants as part of introducing agreed standards of good practice.
By signing up to the Code, SEB has committed to maintain its FX business activities in line with these standards and principles.
“We are very happy to support this initiative. We believe we already apply some of the highest standards in our business practices – in our very fair last-look policies, for example – and the Code re-enforces our commitment to these standards, for the benefit of our clients and to build future trust in sustainable financial markets”, says Robert Celsing, head of Markets.
As the leading FX dealer in the region, SEB was the only Nordic bank to participate in the market participants group.