Who is responsible for the Code of Conduct discussed?

Who is responsible for the Code of Conduct discussed?

• A. SIX Swiss Exchange.
• B. Swiss Bankers Association.
• C. FINMA.
• D. Swiss National Bank.

Answer: (B)

The main idea here is who sets and maintains industry-wide standards for how bankers should behave. Such a Code of Conduct is typically created by the body that represents the banks as a whole—the Swiss Bankers Association. This association develops and promotes professional standards, ethics, and expected behaviors that member banks commit to follow, helping to harmonize practices across the industry. Regulators like FINMA oversee and enforce laws and supervise compliance, but they don’t draft the industry code itself. The other two organizations have different roles—SIX Swiss Exchange runs the trading platform and listing rules, while the Swiss National Bank handles monetary policy and financial stability. So the Swiss Bankers Association is the one responsible for the Code of Conduct.

The main idea here is who sets and maintains industry-wide standards for how bankers should behave. Such a Code of Conduct is typically created by the body that represents the banks as a whole—the Swiss Bankers Association. This association develops and promotes professional standards, ethics, and expected behaviors that member banks commit to follow, helping to harmonize practices across the industry. Regulators like FINMA oversee and enforce laws and supervise compliance, but they don’t draft the industry code itself. The other two organizations have different roles—SIX Swiss Exchange runs the trading platform and listing rules, while the Swiss National Bank handles monetary policy and financial stability. So the Swiss Bankers Association is the one responsible for the Code of Conduct.