Regulatory Alerts2026-04-13
Minutes of the London FXJSC Main Committee Meeting – 27 November 2025
The Bank of England, chairing the London Foreign Exchange Joint Standing Committee (FXJSC), issued these minutes to document record $9.6 trillion global FX turnover, accelerated post-volatility normalization, and a doubling of the FX options market. The report further outlines critical regulatory and infrastructure changes, including IOSCO’s final pre-hedging guidance, the FCA’s re-recognition of the FX Global Code, and readiness for a UK-EU T+1 securities settlement shift. It also tracks ISDA’s ongoing definition review and SWIFT’s completed migration to ISO 20022 messaging standards to ensure ongoing market stability and operational efficiency.
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