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Oct 23, 2019 · Recommendations on how to foster an ethical culture in the banking industry: principle-based policy to create systemic incentives for banks.
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.
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- 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
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Ethics in Banking and Finance. A changing perception of what constitutes 'good' corporate performance. The role of business beyond generating profits for, and paying dividends to, the providers of its capital is under increasing scrutiny.
Jul 27, 2023 · An ethical corporate culture is vital to business success. Learn what business ethics are and why they’re important to society, customers, and employees.
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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.
