Ethics Misconduct And The Financial Services Industry

Author : Barbara Fryzel
Publisher : Routledge
Page : 153 pages
File Size : 49,8 Mb
Release : 2020-12-28
Category : Business & Economics
ISBN : 9781000337686

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Ethics, Misconduct and the Financial Services Industry by Barbara Fryzel Pdf

This book explores how ethics and the moral context of business have evolved historically in inf luential management theories and concepts. It looks at how managerial thought accommodates morality, values, and ethics and demonstrates the emerging patterns of ethical conduct to illustrate how moral aspects of management and organizational practice can become peripheral. The author examines a diverse range of data sources such as the most seminal books in management and academic papers published in the mainstream academic literature. The readings selected in the process are subject to critical analysis and are complemented by an exploratory study of the financial services industry, based on semistructured in-depth interviews. The uniqueness of the proposed approach comes first from the consolidation of many perspectives such as management, organization studies, and business anthropology rather than focusing on one particular subdiscipline; second, from using a mixed methodology, combining literature reviews with empirical, exploratory research based on interviews; and third from including a narrative context in the analysis and proposed future theory framework. This book will appeal to students, researchers, and scholars who teach ethics in the fields of economics or business. It is useful for advancing theory and research on moral management and as a resource for management practitioners looking to create business practices fostering moral sensitivity. Those interested in setting future development directions may also find the proposed consolidation of theoretical and empirical evidence valuable for the design of future policies.

Author : Joe McGrath,Ciaran Walker
Publisher : Springer Nature
Page : 234 pages
File Size : 44,7 Mb
Release : 2022-01-01
Category : Social Science
ISBN : 9783030887155

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New Accountability in Financial Services by Joe McGrath,Ciaran Walker Pdf

This book is a critical examination of recently introduced individual accountability regimes that apply to the financial services industry in the UK (SMCR) and Australia (BEAR and the forthcoming FAR), together with a forthcoming new individual accountability regime ( in particular, SEAR) in Ireland. It provides a framework for analysing whether these regimes will achieve behavioural change in the financial services industry. This book argues that, whilst sanctioning individuals to deter future misconduct is an important part of any successful regulatory strategy, the focus should be on ensuring that individuals in the financial services industry internalise the norms of behaviour expected under the new regimes. In this regard, the analysis in this book is informed by criminological theory, regulatory theory and behavioural science. The work also argues for a “trajectory towards professionalisation” of financial services, and banking in particular, as an important means of positively influencing industry-wide norms of behaviour, which have a key influence on firms’ and individuals’ behaviours.

Author : Antonio Argandoña Rámiz
Publisher : Springer
Page : 284 pages
File Size : 46,9 Mb
Release : 1995-06-20
Category : Business & Economics
ISBN : IND:30000047996479

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The Ethical Dimension of Financial Institutions and Markets by Antonio Argandoña Rámiz Pdf

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.

Author : Justin O'Brien,George Gilligan
Publisher : Bloomsbury Publishing
Page : 511 pages
File Size : 45,5 Mb
Release : 2014-07-18
Category : Law
ISBN : 9781782253563

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Integrity, Risk and Accountability in Capital Markets by Justin O'Brien,George Gilligan Pdf

The global economy is yet to recover from the aftershocks of the Global Financial Crisis (GFC). In particular many national economies are struggling to adjust to austerity programs that are a direct result of the toxic effects of the crisis. Governments, regulatory agencies, international organisations, media commentators, finance industry organisations and professionals, academics and affected citizens have offered partial explanations for what has occurred. Some of these actors have sought to introduce legislative and other regulatory initiatives to improve operational standards in capital markets. However, the exposure post-GFC of the scandal surrounding the manipulation over many years of the London Interbank Offered Rate (LIBOR) highlighted that the most important obstacles to counter the destructive potential of our global finance system are normative not technical. Regulating the culture of the finance sector is one of the greatest challenges facing contemporary society. This edited volume brings together leading professionals, regulators and academics with knowledge of how cultural forces shape integrity, risk and accountability in capital markets. The book will be of benefit not only to industry, regulatory and academic communities whose focus is upon financial markets and professionals. It is of value to any person or organisation interested in how the cultural underpinnings of the finance sector shape how capital markets actually operate and are regulated. It is a stark lesson of history that financial crises will occur. As national economies become ever more inter-connected and inter-dependent under conditions of global financial capitalism, it becomes ever more important to know how cultural and other normative forces might be adjusted to militate against the effects of future disasters.

Author : John R. Boatright
Publisher : Blackwell Publishing
Page : 209 pages
File Size : 47,8 Mb
Release : 1999-08-11
Category : Business & Economics
ISBN : 0631214275

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Finance Ethics by John R. Boatright Pdf

Ethics in Finance is a ground-breaking work in the emerging field of finance ethics. Beginning with examples of the scandals that have shaken public confidence in the ethics of Wall Street, this book explains the need for ethics in the personal conduct of finance professionals and the operation of financial markets and institutions. A broad range of practical issues in the financial services industry, investment decision making, and corporate financial management are explored, focusing on standards of fairness in market transactions and the duties of fiduciaries and agents in financial relationships. Among the topics covered are unethical sales practices, personal trading by fund managers, the socially responsible investment movement, insider trading and program trading, the abuse of bankruptcy, and hostile takeovers. Ethics in Finance also contains a critical examination of conception of the theory of the firm in finance and the financial objective of firms. Ethics in Finance provides a rigorous analysis of ethical issues in finance that is suitable for students of finance and business ethics as well as anyone involved in financial activities.

Author : Leire San-Jose,José Luis Retolaza,Luc van Liedekerke
Publisher : Unknown
Page : 600 pages
File Size : 40,8 Mb
Release : 2019
Category : Accounting
ISBN : 303000001X

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Handbook on Ethics in Finance by Leire San-Jose,José Luis Retolaza,Luc van Liedekerke Pdf

Author : John R. Boatright
Publisher : Wiley-Blackwell
Page : 0 pages
File Size : 43,6 Mb
Release : 2007-10-22
Category : Business & Economics
ISBN : 140515599X

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Ethics in Finance by John R. Boatright Pdf

This second edition of the ground-breaking Ethics in Finance, is an up-to-date, valuable addition to the emerging field of finance ethics. Citing examples of the scandals that have shaken public confidence in the ethics of Wall Street, this text explains the importance of ethics the operation of financial institutions and in the personal conduct of finance professionals. Focuses on practical issues that confront finance professionals and policy makers Now includes discussion of issues in mutual funds and financial engineering, the independence of analysts at investment banks, and the bank’s responsibility for the conduct of its clients Features a new chapter on conflicts of interest in financial services, expanded treatment of ethical issues in IPOs, and a new discussion about the discarding of pension funds Cites examples of the scandals that have shaken public confidence in Wall Street

Author : Dennis Gentilin
Publisher : Unknown
Page : 0 pages
File Size : 42,7 Mb
Release : 2016
Category : Business ethics
ISBN : 1138690511

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The Origins of Ethical Failures by Dennis Gentilin Pdf

The ethical failings of companies have made headlines continuously over the past two decades, with the Financial Services Industry playing a large role in the notoriety. The traditional explanations and tactics to address this misconduct are failing. A new approach is required. Dennis Gentilin's objectives are to highlight the shortcomings of these approaches, and show that we, individuals and organisations alike, are susceptible to unethical behaviour. He draws both on his 'whistleblowing' experience and the research in the various disciplines of psychology to provide leaders, regulators and practitioners alike with guidance on how to build more resilient organisations.

Author : Alex Barber,Sean Cordell
Publisher : Oxford University Press
Page : 345 pages
File Size : 40,5 Mb
Release : 2023-03-16
Category : Electronic
ISBN : 9780192843562

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The Ethics of Social Roles by Alex Barber,Sean Cordell Pdf

The various social roles we occupy, such as teacher, parent, or friend, shape our ethical lives and colour our perceptions of each other and ourselves. Social roles have long been a central topic in sociology, and specific social roles frequently feature within applied moral philosophy and professional ethics. In striking contrast, the normative significance of social roles per se--the 'ethics of social roles' as a distinct field of philosophical enquiry--has been relatively neglected. Indeed, the view that social roles have genuine ethical bite is often tacitly dismissed as socially regressive, as if the pull of a social role must always be towards 'knowing one's place'. The present collection aims to change this by putting social roles back where they belong: at the centre of normative ethics. After an editors' introduction aimed at readers new to the topic, fourteen original chapters by an international line-up of new and established authors show how the topic of social roles is a kind of missing link between several better-established topics, including collective agency, special obligations, wellbeing, and social and political justice. These contributions are organized into four parts. The first looks at the topic through a historical lens, since philosophers have not always neglected social roles. The second addresses the source of the apparent normative force of social roles. The third examines the relation of a social role's normativity to its wider institutional context. The fourth looks at implications for self and wellbeing.

Author : Adrian Walsh,Sandy Boucher
Publisher : Emerald Group Publishing
Page : 160 pages
File Size : 54,8 Mb
Release : 2022-07-12
Category : Business & Economics
ISBN : 9781803824673

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Who’s watching? Surveillance, big data and applied ethics in the digital age by Adrian Walsh,Sandy Boucher Pdf

Who’s watching? Surveillance, big data and applied ethics in the digital age critically examines the ethical use of surveillance data through the lens of large institutions, including corporations or government agencies, particularly including the collection and use of big data sets.

Author : Carol Alexander,Douglas Cumming
Publisher : John Wiley & Sons
Page : 624 pages
File Size : 53,8 Mb
Release : 2022-12-13
Category : Business & Economics
ISBN : 9781394178155

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Corruption and Fraud in Financial Markets by Carol Alexander,Douglas Cumming Pdf

Identifying malpractice and misconduct should be top priority for financial risk managers today Corruption and Fraud in Financial Markets identifies potential issues surrounding all types of fraud, misconduct, price/volume manipulation and other forms of malpractice. Chapters cover detection, prevention and regulation of corruption and fraud within different financial markets. Written by experts at the forefront of finance and risk management, this book details the many practices that bring potentially devastating consequences, including insider trading, bribery, false disclosure, frontrunning, options backdating, and improper execution or broker-agency relationships. Informed but corrupt traders manipulate prices in dark pools run by investment banks, using anonymous deals to move prices in their own favour, extracting value from ordinary investors time and time again. Strategies such as wash, ladder and spoofing trades are rife, even on regulated exchanges – and in unregulated cryptocurrency exchanges one can even see these manipulative quotes happening real-time in the limit order book. More generally, financial market misconduct and fraud affects about 15 percent of publicly listed companies each year and the resulting fines can devastate an organisation's budget and initiate a tailspin from which it may never recover. This book gives you a deeper understanding of all these issues to help prevent you and your company from falling victim to unethical practices. Learn about the different types of corruption and fraud and where they may be hiding in your organisation Identify improper relationships and conflicts of interest before they become a problem Understand the regulations surrounding market misconduct, and how they affect your firm Prevent budget-breaking fines and other potentially catastrophic consequences Since the LIBOR scandal, many major banks have been fined billions of dollars for manipulation of prices, exchange rates and interest rates. Headline cases aside, misconduct and fraud is uncomfortably prevalent in a large number of financial firms; it can exist in a wide variety of forms, with practices in multiple departments, making self-governance complex. Corruption and Fraud in Financial Markets is a comprehensive guide to identifying and stopping potential problems before they reach the level of finable misconduct.

Author : Dennis Gentilin
Publisher : Taylor & Francis
Page : 128 pages
File Size : 55,5 Mb
Release : 2022-12-30
Category : Business & Economics
ISBN : 9781000817805

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The Origins of Ethical Failures by Dennis Gentilin Pdf

In this thoroughly updated new edition of his ground-breaking and award-winning book, Dennis Gentilin draws on both his personal experience as a well-known whistleblower and recent events in the Australian financial services industry to provide insights into how widespread, systemic ethical failure can take hold in an industry and, crucially, what leaders need to focus on to avoid it. In 2001, as a young university graduate, Dennis Gentilin became a member of an FX trading desk at one of Australia’s largest banks, the National Australia Bank. In the years that followed, the desk became involved in a trading scandal that resulted in the resignation of the chairman and CEO, the collapse of the board, significant financial loss and incalculable reputational damage. Over the past decade, the frequency of ethical failure within the Australian financial services industry has only increased. Among other failures, there have been multiple breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act, rigging of the benchmark BBSW interest rate, mis-selling of consumer credit insurance and predatory sales practices. In this new edition, Gentilin draws on experimental research from economics and finance to illustrate how, when the conditions are permissive, humans have a predisposition towards dishonesty, and therefore, to reduce the likelihood of ethical failure, leaders must focus obsessively on putting in place appropriate institutional arrangements. Gentilin’s combination of intellectual rigour and real-life reflections makes this book a must-read for students, practitioners and leaders alike who would like to develop a deeper understanding of corporate ethics, governance and conduct.

Author : Billie Cunningham,Loren A. Nikolai,John Bazley,Marie Kavanagh,Sharelle Simmons,Christina James
Publisher : Cengage AU
Page : 67 pages
File Size : 51,8 Mb
Release : 2020-11-03
Category : Business & Economics
ISBN : 9780170446242

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Accounting: Information for Business Decisions by Billie Cunningham,Loren A. Nikolai,John Bazley,Marie Kavanagh,Sharelle Simmons,Christina James Pdf

Accounting Information for Business Decisions is a business-focused introduction to Accounting for all students - not just those intending to be Accounting majors. Lead students through the real-world business cycle and how accounting information informs decision-making. Departing from the traditional approach taken by other introductory accounting textbooks, students apply both managerial and financial approaches within the topics examined in each chapter, to see the direct impact that Managerial Accounting decisions make on the Financial Accounting processes (and vice versa). The conversational writing engages students in the theoretical content and how it applies to contemporary real-world scenarios. Students follow a retail coffee business in the relatable Cafe Revive running case study integrated into every chapter, to learn about applying accounting issues in the real world. Premium online teaching and learning tools are available on the MindTap platform. Learn more about the online tools cengage.com.au/mindtap

Author : Johan Bouwer
Publisher : Routledge
Page : 292 pages
File Size : 41,5 Mb
Release : 2019-05-22
Category : Business & Economics
ISBN : 9780429559853

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Ethical Dilemmas in the Creative, Cultural and Service Industries by Johan Bouwer Pdf

Ethical Dilemmas in the Creative, Cultural and Service Industries enhances professional ethical awareness and supports students' development of skills for ethical decision-making in these growing sectors. It focusses on the shaping of personal and professional values, and dealing with the moral and ethical issues that (future) professionals may encounter in practice. Including a multitude of varied and interdisciplinary case studies, this textbook adopts an applied ethical approach which enables the student to combine basic ethical theory with relevant and ‘real-life’ cases. Major ethical issues such as CSR, ethical leadership, human rights, fraud, employee rights and duties, new technology and (social) entrepreneurship are addressed. This will be invaluable reading for students studying tourism, hospitality, leisure, events, marketing, healthcare, logistics, retail and game development. It will also be a suitable resource for in-company training of practitioners already working in this wide range of domains.

Author : Marianne M. Jennings
Publisher : Unknown
Page : 89 pages
File Size : 44,8 Mb
Release : 2015
Category : Electronic
ISBN : OCLC:1306920998

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Ethics and Financial Markets by Marianne M. Jennings Pdf

The ethical issues that financial professionals face are no different from the ethical issues in any profession -- or, indeed, the day-to-day dilemmas we all face. These issues are readily resolved through the use of three simple questions: Does this violate the law? Is this honest? What if I were on the other side? These three basic ethical standards are often complicated, extrapolated, rationalized, refined, and confused as those in the financial markets grapple with what they believe are more complex ethical issues today than in the past. But as this review shows, the ethical issues in the financial markets today are no different from those that managers of money and assets, financial advisers, and analysts have faced over the centuries.