The Thai Bankers' Association (TBA) says the updated code of conduct for the banking industry will provide common guidelines governing business practices for all employees in the sector. Fifteen commercial banks yesterday signed contracts and declared their intentions to comply with the new code of conduct. Kasikornbank president Predee Daochai, also chairman of the TBA, said the updated code of conduct is part of the association's five-year strategy starting from 2015. The industry's first code of conduct was arranged in 1994, and each individual bank's code of conduct was fashioned to comply. Each bank will apply the new code of conduct in setting operational standards and communicating with and training employees, Mr Payong said.

Source: Bangkok Post March 28, 2017 22:30 UTC