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- 'Ethical banking' has a range of definitions, but it's generally considered to be choosing a bank that follows a set of principles or goals in an attempt to improve the environment and society. This could be a bank that refuses to invest in the mining of fossil fuels, or one that provides affordable loans to charities.
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Ethics in Banking and Finance. Exploring the law and regulation which underpins ethical behaviours of firms and individuals operating in the financial services sector. Leadership, governance, systems and controls. Introduction. Governance. Leadership, responsibility and accountability. Risk management and control framework. Key sources.
- 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
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.
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.
- Lisa Herzog
- lisa.herzog@hfp.tum.de
- 2019
The theoretical foundation of ethical banking around integrity, responsibility and affinity may be explained using different theories: Social Institu-tional Theory, CSR and Property Right Theory. In terms of Social Institutional Theory (Boatright, 2002), ethical banking might be an instrument or mechanism that the Administration or Public
Jun 6, 2019 · This chapter seeks to give an overview of the ethical issues and debates that pertain to money and finance, and thereby to help further establish the field of “financial ethics.”
Aug 8, 2022 · Drawing on experiences in the UK, Australia, and Ireland, three common law jurisdictions at various phases of developing “an ethical esprit de corps” to professionalize the banking industry, it argues that adopting some aspects of a profession, a “trajectory towards professionalization” of the banking industry, could serve, at least to ...
