Regulatory Alerts2023-12-07
Added · Updated
Code of Banking Practice
The Hong Kong Monetary Authority mandates that all Authorized Institutions fully comply with the Code of Banking Practice as a requirement under the Banking Ordinance. This directive, clarified in October 2018, establishes that adherence to the Code stems directly from the Monetary Authority's enforcement of proper standards of conduct and sound business practices. The document serves as the governing framework for banking conduct and enforcement applicable to all regulated entities.
Topics
Share