The ICAC, together with the HKMA and the Banking Association, held the launching ceremony of the "Banking Industry Code of Conduct". The purpose of the code is to combat and prevent corruption through public-private cooperation, assist in implementing effective integrity management systems, and enhance banks' anti-corruption awareness and capabilities.
HKMA Chief Executive Eddie Yue said at the speech that the charter helps strengthen the work of the banking industry in integrity building. Banks participating in the charter commit to enhancing internal anti-corruption and anti-corruption capabilities. It is believed that through the charter, further maintaining the public's confidence in the banking industry and consolidating Hong Kong's status as an international financial center.
Banks participating in the charter must adhere to basic principles to promote integrity management in the banking industry, such as appointing an integrity officer who possesses sufficient independence, ability, experience, and upright character, and is of an appropriate rank, to assist the bank in overseeing and implementing the code of conduct.
