Principles of Ethical Conduct

The Risk Management Association (RMA), which has been setting standards that benefit the financial industry and its customers for over a century, has issued the first-ever uniform set of ethical principles solely intended for the industry.

The Principles of Ethical Conduct are nine “rules of reason” followed in each case by language that provides meaningful context. RMA invites financial institutions to endorse the Principles, and to use them to create or supplement their own codes of ethics and conduct. 

The Principles continue RMA’s contributions as a thought leader on matters of culture and conduct, following the issuance in recent years of both a culture framework, conduct risk framework, and a definition of conduct risk. The Principles were crafted by RMA’s Operational Risk and Enterprise Risk Management Councils, volunteer bodies where financial industry leaders give of their time to surface and promote best practices in risk management.  

Click here to view RMA's Principles of Ethical Conduct (PDF).

How the Principles of Ethical Conduct Benefit Your Instituion and the Industry by Spyro Karetsos - RMA Journal, September 2019 (PDF)

Make the Pledge

To indicate that you plan to abide by RMA’s Principles of Ethical Conduct, click here.