Search results
worthwhile exploring how ethics interacts with conduct and culture in banking and finance, and what firms must consider in order to ensure they continue meeting expectations. The Institute of Business Ethics describes business ethics as “the application of ethical values, such as integrity, fairness, respect and openness, to business behaviour.
- 3MB
- 78
- Stereotypes
- A Holistic View of Ethics in Banks
- Ethics and Cooperative Banks
- Ethics and Alternative Banks
The envisaged link between ethical banking and social actions is a consequence of the fact that, in practice, several initiatives of ethical finance concentrate on their social utility: financing socially worthy projects (e.g., those supporting the preservation of life, peace, or the environment); actions connected to the facilitation of access to ...
Objectivity in ethical judgment may be complex, but denying the possibility of setting an evaluation frame would mean acknowledging ethical relativism. While, in banking, an analysis of single actions without verifying coherence with the more general ethical principles often prevails and is typical of the reductive view, a holistic approach to a fi...
One of the main institutional objectives of cooperative banks has been to promote the financial inclusion of marginal sectors, usually the poorest sectors, not only access to loans but also education, which fosters monetary savings. Mario Masini, in a background paper for the World Bank World Development Report of 1989 entitled “The Italian ‘Casse ...
Alternative banks claim to be inspired by explicit ethical principles, with the main goals of contributing to the benefit of society as a whole and caring about social welfare, the environment, and, more generally, the progress of the world. On these principles, see, among others, FEBEA (http://www.febea.org). A significant case is Triodos Bank (ht...
- laura.vigano@unibg.it
While engendering trust through an ethical business approach demands an organisational mindset which is focused on achieving the right outcome, irrespective of legal or regulatory demands, complying with the rules and requirements which have been designed to deliver such outcomes is mandatory.
Mar 13, 2021 · The review of literature revealed that there are numerous ethical issues prevalent in the banking industry, like lack of proper ethics training, trust and transparency issues, growing pressure of...
Dec 16, 2022 · 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.
Jun 6, 2019 · We start with the classic criticisms which suggest that all, or at least most, financial activities are morally suspect. We will here discuss three such criticisms, respectively directed at the love of money (the profit motive), usury (lending at interest), and speculation (gambling in finance).
People also ask
Does banking have a professional lack of ethics?
Are there ethical issues in the banking industry?
Why is ethics important in banking?
Do banks have a code of ethics?
Are banks ethical?
What are ethical practices in banks?
May 12, 2017 · The paper develops a responsibility-based account of professional ethics in banking. From this perspective, bankers have duties not only toward clients—the traditional focus of professional ethics—but also regarding the prevention of systemic harms to whole societies.
