This lesson examines the regulatory and ethical framework governing treasury operations.

8.1 Compliance and Regulation
Treasury operations are subject to regulatory requirements including capital adequacy standards (Basel III/IV), reporting obligations, and codes of conduct .

8.2 Corporate Governance
The board and senior management set treasury policy and objectives. Governance frameworks ensure treasury operates within defined risk parameters and maintains effective internal controls .

8.3 Professional Ethics and the ACT Ethical Code
Treasury professionals must adhere to ethical standards, including integrity, confidentiality, and the avoidance of conflicts of interest. The Association of Corporate Treasurers (ACT) Ethical Code provides a framework for professional conduct