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Envoy urges financial operators to strengthen ethics, conducts


Photo: cold-fusion

Photo: cold-fusion

The Lord Mayor of London, Sir Alderman Alan Yarrow has stressed the need to strengthen compliance on the code of ethics and professional conduct for financial investment professionals in Nigeria

Alan Yarrow, while signing a Memorandum of Understanding (MOU) between the Chartered Institute of Bankers of Nigeria (CIBN) and the Chartered Institute of Securities & Investment (CISI) , UK, also urged financial institutions to operate with high level of integrity and professionalism in order to remain competitive in the global economy.

Alan Yarrow added that Nigerian banks needed to entrench global standards in their operations.

“London has been very successful because of rule of law, trust and behaviour. Nigeria full of enthusiast keen and compassionate can replicate the same.

“The MOU we are signing today is very important because CISI is a global and credible institution and we believe in working with a high quality organization like CBN to help to raise the level of standard of behavior, integrity and ethics around the world and it is very good for Nigeria. It is good for Nigerian banks to entrench global standard into their system,” he added.

Earlier, the President and Chairman of the council, CIBN, Mrs Debola Osibogun, told participants that consummation agreement would provide opportunity for more strategic partnership between the two professional bodies, as well as create opportunities to implement programmes of paramount importance to the existence, growth and sustenance of the financial services industry, and capacity building of our members.

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