Bank Negara Malaysia (BNM) will require financial institutions to undertake severe protection for their new hires as integrity is important in enhancing confidence in the financial system in the near future.
It added, the further development measures are to ensure the financial industry have a competent and professional workforce.
Moreover, in providing extensive training and development on banking, institutions such as Asian Institute of Chartered Bankers (AICB), International Centre for Education in Islamic Finance (INCEIF) and Iclif Leadership and Governance Centre assume an essential role in strengthening the talent people.
AICB aims to provide comprehensive education on banking to boost the professionalism of bankers in supporting sound judgment and decision making in the financial industry.
Starting from January 2017, all new graduate entrants into the banking industry are required to be a member of AICB and complete a compulsory programme on ethics and professional standards.
Since April 2017, the financial industry workforce running in wholesale financial markets are also needed to match with high standard of professional entry eligibility, market conduct and internal controls attribute in the Code of Conduct for Malaysia’s Wholesale Financial Markets.
The Code of Conduct is strictly and jointly enforced by the Financial Market Association of Malaysia, financial institutions and regulators.
BNM has been dwelling on upholding integrity in the financial system, time and again, and has been undertaking several efforts in this direction.
The central bank expects the banking industry to take the lead in promoting good governance practice even broadly across corporate Malaysia, through financing and investment activities or professional advice to customers.стоимость грузоперевозокbusiness advertising