HK central bank, banking assoc express support for banking integrity charter

The HKMA and HKAB co-hosted the launching ceremony with ICAC.

The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) said that they fully support the recently introduced Banking Industry Integrity Charter, according to a press release.

The charter, introduced by the Independent Commision Against Corruption (ICAC), aims to create a platform for communication through a public-private partnership.

It is also expected to implement ‘effective’ integrity management and anti-corruption measures, with the ICAC providing anti-corruption recommendations tailored to the banking industry, share anti-corruption cases, and arrange regular thematic training for banks related to integrity building.

Banks participating in the integrity charter are expected to commit to further strengthening their internal anti-corruption capabilities and promoting an integrity culture among their business partners, the HKMA said in a statement. 

The HKMA and HKAB co-hosted the launching ceremony of the charter together with the ICAC on 9 October 2024.

Mr Eddie Yue, Chief Executive of the HKMA; Mr Woo Ying-ming, Commissioner of the ICAC; and Ms Luanne Lim, Chairman of the HKAB, officiated at the ceremony. During the event, the ICAC also showcased for the first time the logo specially designed for the charter.