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Ethics In Finance And Accounting: The Role Of Professional Organizations And Regulatory Bodies In Promoting Ethical Behavior

PHILOSOPHY

The philosophy of any of the Federal Home Loan Bank of Dallas (the “Bank”) is that financial professionals run the business. By the highest ethical standards, Earn and maintain the unwavering trust of shareholders/customers, bond investors, and the general public. Finance professionals need to manage their personal and business affairs in a proper manner that Does not invite negative public opinion or criticism or damage the Bank’s reputation as any of the organization. 

The clear purpose of this Code of Ethics for any Financial Professionals (the “Code”) is to prevent fraud and to encourage:

(1) Act honestly and ethically. 

(2) full, accurate, fair, timely, and clearly understandable disclosure of the financial information; 

(3) partnership with applicable laws, rules, and regulations; 

(4) Promptly report violations of this Code internally. 

(5) Accountability for compliance with this Code. “Financial professional” refers to chief executive officers, chief financial officers, auditors, financial reporting directors, fixed asset and derivatives accounts directors, and corporate accounts directors. 

Your obligations under this Code of Conduct supplement, but do not replace, the Code of Business Conduct and Ethics are applicable to all employees of the Bank or the Conflicts of Interest Policy adopted by the Board of Directors. for the Bank’s Affordable Housing Program.

LIMITS AND CONTROLS

Honest and Ethical Conduct

We expect our financial professionals to act honestly and ethically. This includes managing actual or perceived conflicts of interest between personal and professional relationships. In addition, the Bank expects financial professionals to perform their duties with honesty, good faith, integrity, due care, and diligence and always to exercise the best independent judgment. Further, financial professionals may not, directly or indirectly, take any action to coerce, manipulate, mislead, or fraudulently influence our internal or external auditors to mislead our financial statements. They are strictly prohibited. 

Full, Fair, Accurate, Timely, and Understandable Disclosures.

The Bank keeps up that its money-related experts are educated within the reports. It reports its records with the Securities and Trade Commission (“SEC”), the Government Lodging Fund Office (“FHFA”), and other administrative offices, and in other open divulgences relating to its finances. So I anticipate it to seem—like data by the Bank. Comply with pertinent laws, rules, and controls.

Money-related experts must comply with the soul and expectations of all appropriate laws, rules, and directions of the SEC, FHFA, and other administrative agencies. 


Waivers of this Code of Conduct may only be made upon the recommendation of the Audit Committee and with the approval of the Board of Directors. Any waiver of this Code affecting the Chief Executive Officer or Chief Financial Officer must be disclosed by him within four business days to the extent required by law. Changes to this Code of Conduct must be approved by the Board of Directors and disclosed within four business days if required. Technical, administrative, or other immaterial changes to this Code do not require immediate disclosure. 

ROLES AND RESPONSIBILITIES

All financial professionals are responsible for familiarizing themselves with this Code and the Code of Employee Conduct and Ethics and certifying their review and adherence to this Code and the Code of Employee Conduct and Ethics annually.

Financial professionals must avoid actual or perceived conflicts of interest. If a financial professional has an actual or apparent conflict of interest, that financial professional must promptly notify the Bank’s legal counsel of the conflict of interest. 

Our legal counsel will investigate each reported conflict of interest and review the transaction or relationship for possible referral to the Board of Directors Audit Committee. Suppose the Bank’s legal counsel determines that the reported transaction or relationship constitutes a conflict of interest. In that case, it must summarize the conflict of interest and all supporting documentation to the Audit Committee. You will need to decide how to resolve any conflict of interest situations.

Financial professionals should promptly report any suspected violations of this Code to the Bank’s legal counsel and cooperate fully with internal or external investigations of possible violations. It is a violation of this Code of Conduct to fail to report conduct that you believe violates this Code of Conduct. You can call the whistleblower line. I will contact the Bank’s legal counsel. The Bank’s legal counsel will investigate all reported violations (or potential violations) of this Code and provide a summary of the findings and supporting documentation to the Audit Committee. The Audit Committee will review and determine how to address each reported violation of the Code.

In any event, if a financial professional is unsure of the relevance of an event or action, they should seek assistance in interpreting the requirements of this Code by contacting the General Counsel of the Bank. 

The Human Resources Director is responsible for obtaining an annual certification from each financial professional he has reviewed the most current version of this Code and the Employee Code of Conduct and Ethics that they agree to be bound by the terms of these Rules and  Employee Code of Conduct and Ethics, and in the year preceding, or since the date of hiring a newly hired financial professional, always comply with the requirements of This Code and the Employee Code of Conduct and Ethics. 

COMPLIANCE

The Chief Executive Officer and Chief Financial Officer must immediately notify the Audit Committee of the Board of Directors: 

any breach of this Code or any laws, rules, or regulations applicable to the Bank, and any other matter that may affect the integrity of the Bank’s financial statements, including, but not limited to, deficiencies in internal control over the financial statements or other irregularities. Agreement on any material Accounting Finance matters.

The Audit Committee of the Board of Chiefs will assess compliance with this run-the-show, report any infringement to the Board of Executives, and prescribe restorative measures after discussion.  Of the Compensation and Human Resources Committee, if necessary. In addition, any financial professional found to violate this Code may be subject to disciplinary action, including immediate termination of employment. 

RELATED POLICIES

Employee Code of Conduct and Ethics

corrective action

dismissal for just cause

Financial Disclosure

rules of conduct

Handling Confidential and Proprietary Information

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