Monetary Authority of Singapore Annual Report 2010/2011
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Private Banking Industry - Code of Conduct

The Singapore private banking industry launched a Code of Conduct for the Private Banking industry (PB Code) in April 2010. The PB Code was the result of industry-led effort to enhance the competency of private banking professionals and foster high market conduct standards. Under the PB Code, private banking professionals are expected to pass a common competency assessment called the "Client Advisor Competency Standards" (CACS). The CACS ensures that they have foundational level of competency before they can engage with clients.