RCBC assures stakeholders of investment protection

MANILA, Philippines — Yuchengco-led Rizal Commercial Banking Corp. (RCBC) continues to adhere to global best practices to protect the wealth and investments of its stakeholders.

Robert Ramos, head of the trust and investment group at RCBC, said the bank has fully complied with the Global Investment Performance Standards (GIPS) of the Chartered Financial Analyst Institute (CFA Institute).

“Compliance to these standards underscores our commitment to clients to disclose our performance returns in a clear and concise manner. GIPS focuses on transparent disclosure of the returns of our portfolios in the manner that is accepted globally,” Ramos said.

The GIPS is a set of ethical standards ensuring transparency and fairness in terms of calculating and presenting investment performance. Companies can voluntarily comply with the GIPS, beyond what regulators require.

The objective of the GIPS is to promote investor interests and instill confidence, ensure accurate and consistent data, obtain worldwide acceptance of a single standard for calculating and presenting performance, promote fair, global competition among investment firms, and promote industry self-regulation on a global basis.

Last year, RCBC complied with the CFA Institute’s Asset Manager Code of Professional Conduct, signifying the universal bank’s commitment in growing and protecting the wealth and investments of their stakeholders.

The CFA code of conduct emphasizes six key areas of responsibility for asset managers including: loyalty to clients; investment process and actions; trading; risk management, compliance, and support; performance reporting and valuation; and disclosures.

“Compliance to these guidelines is a commitment to our clients that articulate our accountability in managing their funds and adhering to global standards,” Ramos said.

The CFA Institute is a global, non-profit organization providing investment professionals with financial education and training. It also promotes the standards of ethics as well as professional excellence in the global investment industry.