The Investment Association (IA), which represents UK-based investment firms managing £9.4 trillion of assets globally, recently published a briefing paper calling for reform on FX sub-custodian timestamping. In this episode Hugo Gordon from the IA explains why this issue, which might initially seem to be something of a niche concern, can have significant ramifications for investment managers and outlines steps which can be taken by both buy-side and sell-side firms to help resolve it. Gordon also discusses the FX Global Code of Conduct, highlighting some of the factors which might have slowed buy-side adoption previously and areas where increased clarity has been welcomed by the IA’s membership.