BC-2.8.2
Bankers shall be responsible for ensuring that:
(a) their dealing staff are adequately trained and supervised in the practices of the market (the requirement of this Code of Conduct should be fully understood by all staff involved in foreign exchange and currency deposit operations);
(b) the BMA is notified of any changes in dealing staff, in accordance with BMA requirements;
(c) their staff understand that the ultimate responsibility for assessing the creditworthiness of a borrower or lender lies with the bank and not the broker;
(d) brokerage is normally payable at the end of the month in which the money passes, or otherwise by special arrangement; and
(e) there is no pressure on brokers to reduce charges below the approved minimum rates.