Ethics and Professionalism

OBJECTIVES OF THE CODE OF ETHICS
The overall objectives of the Code of Ethics & Professionalism in the Banking and Finance Industry are to ensure the highest level of adherence to good banking practice and a strong commitment to high ethical standards in the banker-customer relationship. The aim of the Code is also to enable financial institutions, regulatory bodies, employees of banks and members of the Institute to know in clear terms what acts, conducts, commissions and omissions and practices are considered unethical and unprofessional and the appropriate sanctions that would apply for non-compliance with the Code. It is expected that this Code would bring about discipline and professionalism in the banking and finance industry.

THE Subcommittee ON ETHICS AND PROFESSIONALISM
Objectives of the Subcommittee
•    To ensure the highest level of adherence to sound and generally accepted banking practice.
•    To ensure a strong commitment to good banking practice.
•    To uphold the integrity of the banking profession in order to instill public confidence in the banking system.

Duties of Subcommittee
•    To develop standard and codes for ethical and professional banking practice.
•    To consider complaints from bank customers, the general public and from within the banking system.
•    To consider complaints by banks against the regulatory authorities or other banks and vice versa.
•    To consider complaints from bank staff against their employers or vice versa.
•    To cause enforcement of decisions approved by the Bankers’ Committee.
 


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