Personal Finance
(Video)Professionalism in the financial industry
By Wilfred Ling, The IFA on Duty  •  April 6, 2011
Written by Wilfred Ling Tuesday, 05 April 2011 Bookmark and Share Singapore's Private banking industry introduces a new Code of Conduct. This is according to this publication Singapore’s booming private banking industry unveils Code of Conduct. The Code of Conduct is in a form of an examination conducted by Institute of Banking of Finance. Will this improve the Private Banking industry? For a Code of Conduct to be useful, the following are required:
  1. Those subscribing to the Code of Conduct must be member of a Society or Association.
  2. Membership to the Society or Association is required by law in order for the individual to practice his or her trade.
  3. The Society or Association need to have the legal power to expel members found to have breach the Code.
It appears to me that none of the above was fulfilled. So, there goes the Code. How about the 'normal' financial industry? Is there ......
Read the full article
By Wilfred Ling, The IFA on Duty
Wilfred Ling is a Chartered Financial Consultant with Promiseland Independent Pte Ltd. He is a fee-based financial planner by profession.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance