WORKING GROUP

WG-01:
FSPB Code of Ethics for the Financial Services Industry
 
 

WG-01: FSPB Code of Ethics for the Financial Services Industry
Approval of Proposal: 24 September 2014
Exposure Draft Period: 5 May 2015 – 6 July 2015
Approval of Standard:


Primary Industry Stakeholder Engagement
Industry Survey on the FSPB Code of Ethics for the Financial Services Industry
Survey Period: 29 December 2014 - 9 January 2015
Respondents: 428 individual respondents from 81 organisations in the financial services industry in Malaysia


Deliberations of Working Group
Meeting No. 3/2015: 10 August 2015
Circulation of Draft Code of Ethics: 10 -12 March 2015
Meeting No. 2/2015: 9 March 2015
Circulation of Draft Code of Ethics: 5 – 17 February 2015
Meeting No. 1/2015: 29 January 2015


Composition of Working Group

Dato’ Khairussaleh Ramli (Chairman)
Deputy Group MD, RHB Banking Group
Council Member, Association of Banks in Malaysia
Mr Kamarul Ariffin (Deputy Chairman)
CEO, Affin Islamic Bank Berhad
Deputy President, Association of Islamic Banking Institutions Malaysia
Dato’ Ahmad Azman Abdul Manaf
MD & CEO, SJ Securities SdnBhd
Chairman, Association of Stockbroking Companies Malaysia
Mr Ahmad Rizlan Azman
CEO, Etiqa Takaful Berhad
Chairman, Malaysian Takaful Association
Mr Chua Seck Guan
CEO, MSIG Insurance (Malaysia) Bhd
Chairman, General Insurance Association of Malaysia
Mr Simon Culhane
CEO, Chartered Institute for Securities and Investment (CISI), UK
Mr Andrew Hall*
Head of Professional Standards, CISI, UK
Dr Steve Hottiger
MD & Head of Group Governmental Affairs, UBS AG, Switzerland
Mr Keith Stoddart**
Group Regional Head of Compliance & Operational Risk, APAC, UBS, Hong Kong
Dr John Lee
Group Chief Risk Officer, Maybank, Malaysia
Dato’ Lee Kok Kwan
CEO, Corporate Banking, Treasury & Markets, CIMB Group
President, Financial Markets Association Malaysia
Datuk Lakshmanan Meyyappan
Former President, Life Insurance Association of Malaysia
Ms Clare Payne
Consulting Fellow for Ethics in Banking and Finance,The Ethics Centre, Australia
Board Member, The Banking and Finance Oath (www.thebfo.org)
Ms Pushpa Rajadurai
MD, Wholesale Banking, AmBank Group
Alternate Chairman, Malaysian Investment Banking Association
Mr Yusry Yusoff ****
Chief Executive Officer, Association of Islamic Banking Institutions Malaysia
Mr Gerard Sinnappah***
Senior Vice President & Head, Group Legal, Alliance Bank Malaysia Berhad
Mr James Sylph
Former Executive Director (Professional Standards and External Relations), International Federation of Accountants, US
Mr Soo Hoo Khoon Yean
Partner, Financial Services Group, PricewaterhouseCoopers, Malaysia
* Alternate to Mr Simon Culhane; **Alternate to Dr Steve Hottiger *** Alternate to Ms Pushpa Rajadurai ****Observer

Written Comments Received on Exposure Draft


No Organisation No Organisation
1 Aberdeen Asset Management Asia Limited
2 Aberdeen Islamic Asset Management Sdn Bhd
3 Affin Bank Group
4 AgroBank
5 Alkhair International Islamic Bank
6
AmBank Islamic Berhad
7 Asian Finance Bank Berhad
8
Asian Institute of Chartered Bankers
9 Association of Chartered Islamic Finance Professionals
10
Association of Stockbroking Companies Malaysia
11 Bank Islam Malaysia Berhad
12
Bank Kerjasama Rakyat Malaysia Berhad
13 Bank Muamalat Malaysia Berhad
14
Bank Pembangunan Malaysia Berhad
15 CFA Institute
16
Deutsche Bank (M) Bhd
17 Federation of Investment Managers Malaysia
18
Financial Planning Association of Malaysia
19 General Insurance Association of Malaysia
20
Hong Leong Bank
21 HSBC Amanah Malaysia
22
HSBC Bank Malaysia Berhad
23 International Capital Market Association
24
International Ethics Standards Board for Accountants
25 Islamic Banking & Finance Institute of Malaysia
26
Life Insurance Association of Malaysia
27 Malayan Banking Berhad
28
Malaysian Financial Planning Council
29 Malaysian Investment Banking Association
30
Michel Girodo
31 MIDF Amanah Investment Bank Berhad
32
National Federation of Urban Cooperative Banks and Credit Societies Ltd
33 Okachi (M) Sdn Bhd
34
Public Bank Berhad
35 QBE Insurance (Malaysia) Berhad
36
Retail Banking Academy
37 RHB Banking Group
38
Securities Commission Malaysia
39 The Hong Kong Association of Banks
40
The Hong Kong Institute of Bankers
41 United Overseas Bank (Malaysia) Bhd