Central bank chief welcomes code of conduct for Hong Kong bankers

Banks agree code designed to improve culture and protect consumers

norman-chan
Norman Chan, HKMA: tighter conduct rules for financial institutions

HKMA chief executive Norman Chan has praised the release of a revised code of conduct for banking, which aims to improve culture in the industry.

The new code, penned jointly by the Hong Kong Association of Banks and the Deposit-Taking Companies Advisory Commission, took effect on February 6.

The lengthy rule book spans topics including consumer protection, disclosure and transparency, competition and "responsible business conduct". Chan called the new code a "milestone" in post-financial crisis

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