FSB has published a progress report on the implementation of its September 2014 recommendations for reforms to foreign exchange (FX) benchmarks. The report assesses market progress by the main foreign exchange committees and central banks. Overall the report recognises good progress towards the implementation of the recommendations. However, FSB stresses the recommendations are intended to apply to all FX benchmarks, not just the WM/Reuters 4pm London fix. (Source: FSB Releases Progress Report on FX Benchmark Reforms)