On 26 March 2026, the London Foreign Exchange Joint Standing Committee (FXJSC) met at the Bank of England to review market developments and regulatory matters. Chair Andrea Rosen welcomed new and departing members and thanked former participants for their contributions. The committee heard updates on sterling resilience, US dollar outlook, and the impact of Middle East conflict from NatWest Markets and Aviva Investors. Muna Lisimba presented a decline in October FX turnover to $3.85 trillion, noting swap activity as the main driver. JPMorgan’s Alina Ishmuratova outlined slow adoption of digital‑asset solutions in FX. The session also covered the Global FX Committee’s code review preparations, sub‑committee reports on market resilience and legal matters, and ongoing FX trade‑allocation and benchmark regulation discussions.
© Governor and Company of the Bank of England.
Summary adapted from the Bank of England website (https://www.bankofengland.co.uk ).
Made by AI. If you spot anything of concern write us at contact@cybach.com. We’ll promptly correct irregularities.