The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) fully support the Banking Industry Integrity Charter (Integrity Charter) introduced by the Independent Commission Against Corruption (ICAC). The two organisations co-hosted today (9 October) a launching ceremony for the Integrity Charter together with the ICAC. Senior management from 30 banks, including those from major retail banks and private wealth management banks in Hong Kong, attended the ceremony. Representatives of the Chinese Banking Association of Hong Kong and the Private Wealth Management Association also attended the event (see Annex).
The HKMA has long been encouraging banks to further their work in integrity building. The ICAC launched the Integrity Charter to create a platform for communication through public-private partnership, helping banks to implement effective integrity management and anti-corruption measures. The ICAC will provide anti-corruption recommendations tailored for the banking industry, share anti-corruption cases with the industry, and arrange regular thematic training for banks to further support the industry’s efforts in integrity building and promoting honest and responsible business practices. Banks participating in the Integrity Charter will commit to further strengthening their internal anti-corruption capabilities and promoting an integrity culture among their business partners.
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 to mark the launch of the Integrity Charter. During the event, the ICAC also showcased for the first time the logo specially designed for the Integrity Charter.
In his welcome remarks, Mr Yue said, “Customer trust is an important pillar for the sustainable development of the banking industry. The professionalism and ethical conduct of banks and their frontline staff are key to building customer trust. The launch of the Integrity Charter by the ICAC is conducive to maintaining the stability of the Hong Kong banking system, and also helps to consolidate and enhance Hong Kong's status as an international financial centre. It provides strong support for the Hong Kong banking industry to develop new markets, including the Middle East and Southeast Asia.”
Mr Woo said in his welcome remarks, “Hong Kong is widely recognised as one of the most corruption-free places in the world and its financial sector is vibrant and thriving. The Integrity Charter combines the two advantages of Hong Kong - integrity and finance - underlining the banking industry's commitment to integrity and enhancing its anti-corruption capabilities, to maintain and develop Hong Kong's position as an international financial centre.”
Ms Lim said, “The Integrity Charter will help the public better understand banks' determination to maintain a clean society and combat corruption collectively.” She encouraged members of the association to participate in the Integrity Charter.
For further information about the Integrity Charter, please visit the webpage of the ICAC’s Corruption Prevention Advisory Service at https://cpas.icac.hk/EN/Info/TP_Library?cate_id=10046.
Mr Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, delivers welcome remarks at the launching ceremony for the Banking Industry Integrity Charter.
(From right) Mr Eddie Yue, Chief Executive of the Hong Kong Monetary Authority; Mr Woo Ying-ming, Commissioner of the Independent Commission Against Corruption (ICAC); and Ms Luanne Lim, Chairman of the Hong Kong Association of Banks and Chief Executive Officer, Hong Kong of HSBC, officiate at the launching ceremony for the Banking Industry Integrity Charter (Integrity Charter) and introduce the new Integrity Charter logo specially designed by the ICAC.
Representatives of Authorized Institutions and banking associations attend the launching ceremony for the Banking Industry Integrity Charter.
(From left) Mr Arthur Yuen, Deputy Chief Executive of the Hong Kong Monetary Authority; Mr Ricky Yau, Deputy Commissioner and Head of Operations of the Independent Commission Against Corruption; Ms Mary Huen, Vice-Chairman of the Hong Kong Association of Banks and Chief Executive Officer, Hong Kong & Greater China and North Asia of Standard Chartered Bank; Mr Stephen Chan, representative of the Chinese Banking Association of Hong Kong and Deputy Chief Executive of Bank of China (Hong Kong); and Ms Vivien Khoo, Chief Executive Officer and Managing Director of the Private Wealth Management Association, share their views on public-private partnerships in combating and preventing corruption during the fireside chat on the launching ceremony for the Banking Industry Integrity Charter.
Mr Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA) (fifth from right, front row); Mr Woo Ying-ming, Commissioner of the Independent Commission Against Corruption (ICAC) (fifth from left, front row); Ms Luanne Lim, Chairman of the Hong Kong Association of Banks (HKAB) and Chief Executive Officer, Hong Kong of HSBC (fourth from left, front row); Mr Arthur Yuen, Deputy Chief Executive of the HKMA (third from left, front row); Mr Ricky Yau, Deputy Commissioner cum Head of Operations of the ICAC (fourth from right, front row); Mr Sun Yu, Vice-Chairman of the HKAB and Vice Chairman and Chief Executive of Bank of China (Hong Kong) (third from right, front row); Ms Mary Huen, Vice-Chairman of the HKAB and Chief Executive Officer, Hong Kong & Greater China and North Asia of Standard Chartered Bank (second from left, front row); Mr Ronick Chan, Vice Chairman and Secretary of the Chinese Banking Association of Hong Kong (second from right, front row); Ms Vivien Khoo, Chief Executive Officer and Managing Director of the Private Wealth Management Association (first from right, front row); and representatives from Authorized Institutions, attend the launching ceremony for the Banking Industry Integrity Charter.
 
Hong Kong Monetary Authority
9 October 2024