Download or read book The Ethics of Banking written by Peter Koslowski and published by Springer Science & Business Media. This book was released on 2011-04-20 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Ethics of Banking analyzes the systemic and the ethical mistakes that led to the crisis. It keeps the middle ground between excusing all failures by the argument of a systemic crisis not to be taken responsibility for by the financial managers and the moralistic reproach that only moral failure is at the origin of the crisis. It investigates the role of speculation in the formation of the crisis and distinguishes between productive speculation for hedging and for securing market liquidity on the one hand, and unproductive and even detrimental hyper-speculation going far beyond of the degree of speculation that is necessary in a developed economy for the liquidity of financial markets, on the other hand. Hyper-speculation has increased the risks of the financial system and is still doing so.

Download or read book Ethics in Banking written by Jes Villa and published by Springer. This book was released on 2015-09-22 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: The solution to the uninhibited lending that was commonplace before the financial crisis has been to introduce tighter regulation to ensure robustness within banks. However, this solution has overlooked the underlying problem of ethical failure in the industry. In the wake of numerous bank collapses, many survivors continue in unprincipled conduct because ethical virtues have not been instilled. This book investigates the ethical basis of banking practice. It explores the conflict between the interests of banks and their customers, and how this conflict plays out in relation to the lending policies and fee structures of banks. Where such lending policies have a significant effect on banks, their customers and a range of stakeholders, the author investigates the views of leading bankers on their lending practices. The author then goes on to debate the events of the global financial crisis from a moral perspective, and argues that ethical failure triggered the American sub-prime calamities which have devastated homeowners and the global economy. The book argues that American banks and regulators both operated on the erroneous supposition that the quest after extreme profits would be restrained by free market forces. Where banks have a central role and importance in all commerce and hence in all societies, the author concludes by revealing a set of virtues that are necessary for banks to espouse moral conduct. He suggests that these virtues can be embedded through leadership and cultural change, with the aim of developing an account of the virtues appropriate to bankers and banking.

Download or read book Research Handbook on Law and Ethics in Banking and Finance written by Costanza A. Russo and published by Edward Elgar Publishing. This book was released on 2019 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis evidenced the corrosive effects of unethical behaviour upon the banking industry. The recurrence of misbehaviour in the financial sector, including fraud and manipulations of market indices, suggests the need to establish a banking culture that conforms to the highest standards of ethical and professional behaviour. This Research Handbook on Law and Ethics in Banking and Finance focuses on the role that law should play and the effectiveness of newly introduced regulations and supervisory actions as a driver for ethical conduct so as to reconnect the interests of bankers and financiers with the interests of society.

Download or read book Culture Conduct and Ethics in Banking written by Fred Bell and published by Kogan Page Publishers. This book was released on 2019-12-03 with total page 377 pages. Available in PDF, EPUB and Kindle. Book excerpt: Endorsed by the Chartered Banker Institute as core reading for its professional qualifications, Culture, Conduct and Ethics in Banking emphasizes the importance of professionalism for banks, and explores how all staff play a key role in putting customers at the heart of their business. Taking an applied approach, it aims to develop the reader's capability to: recognize and contribute towards balanced outcomes for consumers and organizations; understand the impact of reputational deficit; and understand the personal impact of an individual in the workplace. From a discussion of the main branches of ethical thinking to an overview of regulation and legislation in the UK and internationally, this book covers the theory and practice of conduct and professionalism in banking. Chapters contain activities and industry case studies, and further reading and viewing suggestions are included to help develop a deeper understanding of the topics covered. With fully referenced discussion of conflicts of interest, decision making models, the role of professional bodies, corporate governance, conduct risk management and the Global Financial Crisis 2007-08, Culture, Conduct and Ethics in Banking is the essential guide for finance professionals.

Download or read book Ethical Banking written by James J. Lynch and published by Springer. This book was released on 1991-11-13 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ethical Banking analyses pressures on bank managers and others in financial services. It guides them in ethical decision taking and behaviour. The book makes major contributions to new thinking on customer-banker relationships, including five 'Canons of Ethical Banking'. Giving a concise but comprehensive review of international banking and its impact on the High Street, the book provides a series of exercises with which readers can judge their own ethical standards, and test themselves with over twenty 'ethical dilemmas'.

Download or read book Ethics in Investment Banking written by John N. Reynolds and published by Springer. This book was released on 2011-09-28 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial crisis focused unprecedented attention on ethics in investment banking. This book develops an ethical framework to assess and manage investment banking ethics and provides a guide to high profile concerns as well as day to day ethical challenges.

Download or read book IIBF X Taxmann s Ethics in Banking Exploring the Critical Role of Ethics in Banking Featuring Practical Insights Case Studies on Navigating Modern Ethical Challenges written by Indian Institute of Banking & Finance and published by Taxmann Publications Private Limited. This book was released on 2024-09-13 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the vital role of ethics in the banking sector, emphasising the necessity of integrity, transparency, and accountability in every aspect of banking operations. Drawing inspiration from the timeless wisdom of Thiruvalluvar's couplet from Thirukkural—"Ethics is the road to wealth and goodwill"—this book underscores the enduring relevance of ethical principles in business and financial services. It comprehensively examines how ethics can foster trust, enhance reputation, and drive sustainable growth in financial institutions. This book is helpful for practising bankers, financial professionals, and institutions seeking a deeper understanding of ethics in banking. The Present Publication is the 2024 Edition, revised and updated by Mr Atul Kumar | Former Chief Ethics Officer – SBI. Taxmann exclusively publishes this book for the Indian Institute of Banking and Finance with the following noteworthy features: • [Importance of Ethics in Banking] The book discusses the critical role of ethics in banking, highlighting how ethical behaviour forms the cornerstone of public trust and institutional reputation. It outlines how ethics drive sustainable growth and stability, emphasising that honest, fair, and transparent practices are not just regulatory requirements but also business imperatives • [Application of Ethical Principles] It covers applying ethical principles at various operational levels—individual, organisational, and market. It discusses the ethical responsibilities of banking professionals and institutions, including the importance of ethical leadership, corporate governance, and adherence to social responsibility norms. It illustrates these principles with real-world examples, making the content both relevant and actionable • [Contemporary Ethical Issues] This book addresses modern challenges in banking ethics, such as integrating ESG (Environmental, Social, and Governance) criteria, the ethical implications of digital transformation, data privacy concerns, and the latest regulatory changes, including Fintech and the Digital India Act. It analyses how banks can navigate these challenges while maintaining ethical standards • [Case Studies and Practical Insights] The book includes a wide array of case studies that provide practical insights into ethical dilemmas faced by banks and financial institutions. From high-profile cases like the Equifax Data Breach and the LIBOR Scandal to scenarios involving workplace ethics and regulatory compliance, these case studies provide valuable lessons on navigating ethical challenges in the banking industry The book adopts a modular approach, ensuring a coherent and logical flow of content across its four modules, which are as follows: • Module A – Understanding Ethics o Overview of Ethics – Provides a comprehensive introduction to ethics, covering its evolution, dimensions, and relevance in human actions, governance, and business. It emphasises the connection between ethics, law, and religion, highlighting how these elements collectively contribute to a well-governed and ethical banking environment o Ethics in Business and Banking – Provides an integrated perspective on business ethics and banking, discussing the foundational role of trust in finance and analysing ethical theories and their applications in banking scenarios. This module also includes significant case studies, such as the Enron scandal and the lessons from global financial crises o Learning and Application – Includes practical exercises like 'Check Your Progress' and 'Exercise Your Ethics Muscle,' along with real-world case studies such as the Equifax Data Breach and dilemmas in ethical decision-making • Module B – Different Operational Levels of Ethics in Banking o Individual Ethics – Focuses on personal integrity, values, and moral reasoning at the individual level. It discusses ethical dilemmas and the framework for making ethical decisions, providing insights into how personal ethics influence professional conduct o Organisational Ethics – Examines ethics at the organisational level, covering customer relationships, marketing practices, employee conduct, and corporate social responsibility (CSR). It emphasises the importance of ethical leadership, fostering an ethical culture, and aligning business practices with societal expectations o Market-Level Ethics – Discusses the broader ethical dimensions of banking, including corporate governance, environmental ethics, and the ethical challenges of globalisation. It addresses how banks can integrate ESG factors into their operations to enhance sustainability and public trust o Practical Insights – Real-world examples, such as the LIBOR Scandal and insider trading, illustrate the operational risks and ethical challenges faced by banks, providing valuable guidance on managing these issues • Module C – Workplace Ethics and an Ethical Organisation o Workplace Ethics – Explores the dynamics of ethical behaviour in the workplace, including the benefits of ethical practices and the consequences of lapses. It covers topics like whistleblowing, ethical training, and the impact of organisational culture on ethical decision-making o Building Ethical Organisations – Provides strategies for building ethical organisations, including developing ethics programs, the role of top management and board members in ethical leadership, and the establishment of ethics committees. It discusses the ethics-performance linkage and the balance between short-term objectives and long-term ethical goals o Changing Dynamics – Examines the evolving nature of banking ethics in the digital age, addressing issues such as data privacy, cybersecurity, and the ethical implications of technological advancements. It includes discussions on digital trust and the integration of ethics into digital banking o Case Studies – Cases like Wells Fargo's unethical practices and the role of whistleblowing in banks provide contemporary examples of ethical challenges in the workplace • Module D – Wider Aspects of Ethics in Practice o Corporate Governance and Ethical Dimensions – Highlights the importance of ethics in corporate governance, discussing principles of good governance, the institutional framework, and the role of ethical leadership in preventing corporate misconduct. It addresses global standards and the impact of governance on financial stability and public trust o Environmental Ethics and Globalisation – Explores the ethical responsibilities of banks in environmental management and sustainable finance. It covers critical topics like climate change, the transition to a low-carbon economy, and the role of banks in promoting environmental stewardship o Corruption | Bribery | White-Collar Crime – Provides an in-depth analysis of corruption, bribery, and white-collar crime, discussing their impact on the banking sector and strategies for combating these issues through the promotion of ethical leadership and accountability o A Holistic Approach to Ethics – Concludes with a holistic view of ethics, integrating various perspectives and providing a roadmap for fostering an ethical culture in banking. It emphasises the importance of accountability, the role of ethical norms, and the generational differences in ethical perspectives o Practical Case Studies – Includes diverse case studies on corruption, environmental ethics, and corporate governance, such as the Bhopal Disaster and the challenges of globalisation, to illustrate the broader implications of ethical practices in banking

Download or read book Ethics in Banking written by Cristina Rovera and published by Springer Nature. This book was released on 2022-12-16 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: Banks are frequently considered usurers. Is it possible to talk about ethics when you analyse banking activity? This book focuses on this question and starts with the history and the philosophy. Philosophers like Aristotle, Immanuel Kant and John Stuart Mill proposed different theories about the need for ethics in finance. If we accept Mill's thought, the production of wealth in society is driven by the personal pursuit of profit. But - unfortunately - this does not, on its own, ensure collective well-being. It must be guided by a superior mechanism which transforms it into wealth for all. This introduces the role of financial institutions, which often have to comply with legal obligations. The book focuses on the role that these institutions have in supporting the ‘ethical’ use of money. The author analyses a number of cases in banks and the financial industry and discusses topics like anti-money laundering, anti-usury, islamic finance, microcredit and bank rescue systems, including not only best practices but also examples of unethical financial management.

Download or read book Ethical Banks Implementation of Unified Ethical Guiding Principle written by Hedwig F. Heerdt and published by GRIN Verlag. This book was released on 2013-05-07 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2013 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,0, University of Westminster (Westminster Business School), course: International Finance, language: English, abstract: Because Ethical Banks have developed from niche players to serious competition for traditional banks, supposedly Ethical Banks and even traditional banks use the term Ethical Bank in order to sell bank services under the cloak of sustainable and ethically correct business conduct. Therefore, the focus of this research is to make truly Ethical Banks distinguishable from traditional banks by investigating, analysing and determining principles, Ethical Banks have to fulfil or refrain from in order to call themselves truly ethical. Based on the results of the academic research, a web- based survey identifies bank customer’s attitude towards sustainability and ethics in general, their banking, as well as their ethical attitude towards nine areas of business, banks may be confronted with. The survey result build the basis for a list of positive and negative Ethical Guiding Principles (EGPs), which should serve as a general standard for Ethical Banks that want to settle down within the European Economic Area and Switzerland. The main conclusion drawn from this study is a comprehensive list of positive and negative EGPs, applicable either directly to Ethical Banks or as a basis for further research. But because of the ever-changing environmental, social and legal environment, EGPs need to be continuously reviewed and validated. If directly implemented, a control mechanism within or outside the bank must monitor and ensure compliance with these principles.

Download or read book The Ethical Dimension of Financial Institutions and Markets written by Antonio Argandona and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discussing ethics applied to finance can become a trivial and selfjustifying task if left to the practical men, or a task with no connection to reality, if performed by philosophers. This book, however, turns out to be an exciting piece of work, useful, provocative, full of ideas and suggestions, as experts in ethics discuss specific issues related to the financial institutions and markets, with the men and women that carry out the daily practice in such institutions and markets, as well as with scholars of economics and finance. Thus, the book covers everything from daily subjects to issues of a deeper nature, using a simple and clear language with solid foundations in economics and ethics, from a necessarily plural and open perspective.

Download or read book Banking and Finance written by James Lynch and published by Woodhead Publishing. This book was released on 2014-03-14 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Jim Lynch provides a fresh in-depth study of the moral pressures experienced by bankers and shows how to tackle them realistically. The reader is guided through the world of banking and finance and shown in practical terms how to balance the moral aspects of banking and its other dimensions. This book treats morality and ethical behaviour as factors which have to be managed effectively if financial services are to weather the storms which lie ahead.

Download or read book Ethics in Banking written by Jes Villa and published by Palgrave Macmillan. This book was released on 2014-01-14 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the ethical basis of banking practice.

Download or read book Banking Service and Professional Ethics written by Hong Kong Institute of Bankers and published by John Wiley & Sons. This book was released on 2010-09-22 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This subject contributes to the achievement of the Program Learning Outcomes by providing participants with a solid background and overview of the various facets of the banking service sectors, including its system structure, the codes, regulations and ordinances binding practitioners in this sector, the different operations (Program Outcome 1) and areas as well as the risk management aspects, etc. (Program Outcome 4) Apart from the above areas, this subject also explores such major areas of professional ethics as the respective ethical aspects and issues faced by individuals and corporations today (Program Outcome 5), and also its relevance in the context of corporate governance. Such element of professional ethical issues pertaining to the different facets of understanding is very essential to the current banking environment in Hong Kong and in the world (Program Outcome 2). With the knowledge base of this subject on ethical issues, participants would be well prepared to examine and analyze further issues when they proceed to study specialist subjects such as "Bank Lending , "Treasury Markets and Operations", "Operational Risk & Quality Management" in their advanced level of studies under the AHKIB program.

Download or read book Handbook of Research on Decision Making Techniques in Financial Marketing written by Dinçer, Hasan and published by IGI Global. This book was released on 2019-12-27 with total page 646 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consumer needs and demands are constantly changing. Because of this, marketing science and finance have their own concepts and theoretical backgrounds for evaluating consumer-related challenges. However, examining the function of finance with a marketing discipline can help to better understand internal management processes and compete in today’s market. The Handbook of Research on Decision-Making Techniques in Financial Marketing is a collection of innovative research that integrates financial and marketing functions to make better sense of the workplace environment and business-related challenges. Different financial challenges are taken into consideration while many of them are based on marketing theories such as agency theory, product life cycle, and optimal consumer experience. While highlighting topics including behavioral financing, corporate ethics, and Islamic banking, this book is ideally designed for financiers, marketers, financial analysts, marketing strategists, researchers, policymakers, government officials, academicians, students, and industry professionals.

Download or read book Situational Conflicts in the Banking Industry An Analysis from a Business Ethics Perspective written by Gabriel Socha and published by GRIN Verlag. This book was released on 2019-07-03 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2019 in the subject Business economics - Business Ethics, Corporate Ethics, grade: 2.0, Leipzig Graduate School of Management, language: English, abstract: This paper aims to clarify ethical dilemmas within the financial sector according to the concept of moral discernment. To achieve the goal of this paper, two ethical theories, namely deontology and utilitarianism, are briefly explained. Then, two banking industry-specific situational ethical conflicts are illustrated. The first conflict, mis-selling of financial products, is analyzed by the concept of deontology. The second conflict, the use of artificial intelligence in credit scoring is analyzed from a utilitarianism perspective. Additionally, various ethical concepts are introduced to give practical measures on how firms can cope with these situational conflicts. Todays’ business world is often characterized by “VUCA” – volatility, uncertainty, complexity, and ambiguity. In such a world, managers are faced with constantly changing challenges that can lead to ethical conflicts within business environments. Therefore, more than ever before, guidelines are needed to prevent business behavior that destroys relationships between stakeholders. As the internet and in particular social media increase transparency, ethical behavior within companies is of significant priority to build and hold relationships that are both profitable and sustainable. At least since the global economic crisis in 2008, the banking industry is in strong criticism due to unethical and partially illegal actions. Even though this strong criticism created high pressure on regulators and banks to prevent these business practices, banking scandals do not seem to subside. Thus, it cannot be denied that the banking industry has problems dealing with moral conflicts.

Download or read book Getting the Culture and the Ethics Right written by Patrick S. Kenadjian and published by Walter de Gruyter GmbH & Co KG. This book was released on 2016-10-24 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is a collection of articles based upon presentations given on November 23, 2015 at a conference hosted by the Institute for Law and Finance entitled "Towards a New Age of Responsibility in Banking and Finance: Getting the Culture and the Ethics Right" which brought together leaders from the public and private sectors to discuss the importance of culture and ethics in restoring public trust in financial institutions.

Download or read book Business Ethics After the Global Financial Crisis written by Christopher Cowton and published by Routledge. This book was released on 2019-01-31 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis (GFC) that began in 2007 concentrated attention on the morality of banking and financial activities. Just as mainstream businesses became increasingly defined by their financial performance, banks, it seemed, got themselves – and everyone else – into trouble through an over-emphasis on themselves as commercial enterprises that need pay little attention to traditional banking virtues or ethics. While the GFC had many causes, criticism was legitimately levelled at banks over the ethics of mortgage creation, excessive securitisation, executive remuneration, and high-pressure customer sales tactics, amongst other things. These criticisms mirror those that have been levelled at the business more generally, particular in the last decade, although the backdrop provided by the GFC is more dramatic, and the outcomes of supposed wrongdoing more severe. This book focuses on business ethics after the GFC; not on the crisis itself, but how we should respond to it. The GFC has focused minds on the proper role of ethics in the understanding and conduct of business activity, but it is essential to look beyond the crisis to address the deeper challenges that it highlights. The aim of this volume is to present examples of the latest philosophically-informed thinking across a range of ethical issues that relate to business activity, using the banks and the GFC – the consequences of which continue to reverberate – as a point of departure. The book will be of great value to researchers, academics, practitioners, and students interested in business, ethics in general, and business ethics in particular.