OCBC is first Singapore bank to set up ethics committee

Singapore

OCBC Bank has become the first Singapore bank to set up an ethics and conduct board committee.

In a statement on Wednesday, OCBC, Singapore's second largest bank said the new committee is to ensure that the group's core values of trust and integrity continue to anchor the way it conducts its business.

"Given the environment today, where several financial institutions - including top international banks - have been mired in controversies in r…