Banker's oath
The individual rules of conduct are based on three founding principles, under which banking service providers are required to act at all times:
- with honesty and integrity;
- with competence and professionalism; and
- taking into account the interests of clients and treating them fairly.
These individual rules of conduct are set out in a Royal Decree (available in French and Dutch only).
They focus on the concepts of honesty, integrity, competence and professionalism, as well as on clients’ interests and their fair treatment.
They focus on the concepts of honesty, integrity, competence and professionalism, as well as on clients’ interests and their fair treatment.
On the other hand, fit & proper persons (Category 1) and managers responsible (Category 2) will have to comply with requirements specific to their supervisory role. For example, they will have to refrain from encouraging any behaviour likely to infringe the requirements applicable to banking service providers, and must act in an appropriate manner if they observe such behaviour.