Regulatory Alerts2017-03-02
Added · Updated
Bank Culture Reform
The Hong Kong Monetary Authority issued this circular on March 2, 2017, to address banking conduct and enforcement regarding bank culture. The document directs all authorized institutions to implement robust corporate governance frameworks that promote ethical behavior and sound remuneration systems. It serves as a foundational regulatory update linking to subsequent guidelines on competence, codes of conduct, and remuneration practices.
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