Where the matter of dealing for personal account is concerned, the Model Code recommends that:
A) Subject to local legal requirements, this matter i
B) Bank management should encourage such activities b
C) Where this is allowed, bank management should have
D) Bank management should allow staff to deal for the

Question

Quizplus · Accepted Answer

The Model Code recommends that bank management should have clear policies and procedures in place to govern personal account dealing by staff where it is allowed. This suggests that personal account dealing should be allowed only under certain conditions and with proper oversight and regulation by the bank management. Option A states that local legal requirements should be considered, but does not provide any specific guidance on how personal account dealing should be managed. Option B suggests that bank management should encourage personal account dealing, which could create conflicts of interest and undermine the integrity of the bank's operations. Option D suggests that staff should be allowed to deal for their personal accounts without any restrictions or regulations, which is not a responsible approach to managing the risks associated with personal account dealing.

Where the Matter of Dealing for Personal Account Is Concerned