Author: John N. Reynolds
Publisher: Palgrave Macmillan
ISBN: 9780230285088
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
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.
Author: Trowbridge Callaway
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 20
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Book Description
Author: Sarah Peck
Publisher: Wiley Global Education
ISBN: 1118138961
Category : Business & Economics
Languages : en
Pages : 306
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Book Description
The recent economic crisis further underscores the importance of ethics, which is why finance professionals will turn to this authoritative text. It provides them with an applied and practical understanding. Critical thinking questions offer more thought provoking exercises to get them to learn the material. Related cases in the chapters help spark more thoughtful analysis of the issues that are raised. Numerous projects show how to apply investment theory and analysis as well as integrate ethical considerations. Appendices are also included in relevant chapters that review basics in investments and accounting. This material will help finance professionals examine the ethical practices of the companies and organisations they recommend.
Author: Marvin Namanda
Publisher: GRIN Verlag
ISBN: 3668186626
Category : Business & Economics
Languages : en
Pages : 18
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Book Description
Research Paper (undergraduate) from the year 2014 in the subject Business economics - Business Management, Corporate Governance, grade: 97.00, La Trobe University Melbourne, language: English, abstract: This report analyses the external and internal business environments that could be the cause of the ethical lapses; giving steps towards mitigating the lapse. Ethical issues and compliance are a challenge facing Bank of America. Ethical issues affect all the stakeholders in a given business. There has been a perception that the financial institutions across the world tend to be more unethical than any other forms of business. This perception could be justified by the issues facing Bank of America. Complaints of constant lapses in the ethical culture of the bank are rife. The most recent ethical scandal was where the bank is accused to be only interested in short-term returns and not paying attention to the products that are suitable for customers. According to Mujtab (2010:23), the implementation of the Payment Protection Insurance by the Bank of America is an unacceptable measure in respect to the Finance Act (2001). This insurance policy saw overdraft charges being imposed on small business account holders. Interest swaps were also charged on small business holders, a thing that is only done on large corporations by other banking institutions. On the 25 June 2012, the Financial Services Authority (FSA) announced that it had found numerous errors in the way Bank of America had sold complex financial products to around 25,000 small and medium sized businesses. These interest swabs were designed to protect small-sized business customers. However, the mis-selling by the bank resulted to severe effects on the small businesses. The ethical concerns raised here were that the policy was too complex for the business owners to appreciate and that the product was conditional upon the clients. The bank has come under immense public condemnation calling for cultural and management change.
Author: Costanza A. Russo
Publisher: Edward Elgar Publishing
ISBN: 1784716545
Category : Law
Languages : en
Pages : 448
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Book Description
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.
Author: James J. Lynch
Publisher: Springer
ISBN: 1349217107
Category : Business & Economics
Languages : en
Pages : 233
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Book Description
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'.
Author: Ugo Biggeri
Publisher: Taylor & Francis
ISBN: 1000935515
Category : Business & Economics
Languages : en
Pages : 276
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Book Description
The debate on connections between economic activity and socio-environmental impact has become increasingly relevant. As a result, ethical finance is emerging from its niche. However, the terms "ethical finance" and "sustainable finance" are often confused and overlapping, and the risk of greenwashing is high. Many authors suggest the need of a paradigm shift because the present economic system is no longer able to maintain a safe environment. Tim Jackson explicitly argues about the need of a future of "prosperity without growth". From the experiences of ethical finance, we can identify some interesting tools to achieve that goal. This book explains how ethical finance works and which innovations it has engendered in financial and economic systems; clarifies the links between finance and ethics, going beyond Environmental, Social and Governance (ESG) investing, and offers an approach, which is vital for most financial sectors, from microcredit to impact investing; investigates the goals, constraints, and opportunities of environmental and social considerations in finance and explores the more innovative experiences in banking and investing. It helps readers understand the phenomena in depth, distinguishing the strategic, managerial, organizational, and risk practices of ethical finance. The authors adopt a holistic but critical approach, both with respect to the practices exercised by financial intermediaries, and with reference to new regulatory aspects. The book identifies the key issues and current challenges of ethical finance, both for financial operators and regulators. Several concrete international cases offer empirical comparisons of practices, and as such it will be an invaluable reference for academics and researchers who wish to deepen their knowledge of ethical finance.
Author: Manfred Stüttgen
Publisher: Moderne ¿ Kulturen ¿ Relationen
ISBN: 9783631789056
Category : Capital investments
Languages : en
Pages : 0
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Book Description
Ethical investing is becoming increasingly attractive for investors and banks. Financial performance and reduced risk, social-ecological responsibility and a good consciousness are typically promised. This book analyses selection criteria for ethical investing and its underlying theoretical premises.
Author: Jes Villa
Publisher: Springer
ISBN: 1137340282
Category : Business & Economics
Languages : en
Pages : 212
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Book Description
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.
Author: Cez Urso
Publisher:
ISBN:
Category :
Languages : en
Pages : 46
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Book Description
How technological evolution can bring financial stability in a post “Lehman Brothers” world.There are independent innovations that have not yet being envisaged into a coherent vision of the financial industry.This paper wants to analyse how a lucid evolution of complex, high-end financial services, not only low-end payments, can be shipped to a modern world that actually serves the human kind, within a capitalistic system.The key questions are: 1) Cryptocurrency solutions & automation can deliver a better, digital financial world (around the core business of investment banks); 2) The above layer can offer a natural, transparent system, without inherent agent conflict (between Traders or bank board members and wider society).The essay will be structured as follows: A clear definition of current state and clear problem statement around complex financial services; Articulate the future state and the key dependencies to reach such expected scenario due to technological advancements; Build a near future & blue-sky scenario of the industry.Theoretical context: Investment bank regulation post financial crisis; Digitalisation in banking; Machine ethics theory, excluding social impacts; Conflict of interest, agent theory.
