Culture, Conduct and Ethics in Banking

Principles and Practice

Fred Bell

• Publisher: Kogan Page
• Year: 2019
• Print ISBN: 9780749482909
• eBook ISBN: 9780749482916
• Edition: 1
• Topic: Economics
• Subtopic: Accounting
• Index: Economics

Endorsed by the Chartered Banker Institute as core reading for its professional qualifications, Culture, Conduct and Ethics in Banking emphasizes the importance of professionalism for banks, and explores how all staff play a key role in putting customers at the heart of their business. Taking an applied approach, it aims to develop the reader's capability to: recognize and contribute towards balanced outcomes for consumers and organizations; understand the impact of reputational deficit; and understand the personal impact of an individual in the workplace.From a discussion of the main branches of ethical thinking to an overview of regulation and legislation in the UK and internationally, this book covers the theory and practice of conduct and professionalism in banking. Chapters contain activities and industry case studies, and further reading and viewing suggestions are included to help develop a deeper understanding of the topics covered. With fully referenced discussion of conflicts of interest, decision making models, the role of professional bodies, corporate governance, conduct risk management and the Global Financial Crisis 2007-08, Culture, Conduct and Ethics in Banking is the essential guide for finance professionals.

INDEX

Abbey National 226, 258

absolutism 8–9

access to banking services 120–21, 308, 310–15, 332, 334

accountability 199, 245–48, 337–38

act-based consequentialism 21, 29

actual duties 38, 39

adhocracy 242

Adoboli, Kweku 246, 253

Advanced Standard (CB:PSB) 61

adverse selection 173–74

agency costs 192, 193

agency theory 192–93, 246

Alliance and Leicester 127, 258

altruism 22

American Accounting Association model 93–94

Amsterdam banking crisis (1763) 121

Applegarth, Adam 212

applied ethics 7

Approved Persons Regime 63, 143, 166, 248

Aristotle 12–14, 18

Arthur Andersen 310

artificial intelligence (AI) 119, 330, 334–35

asceticism 22

Asian Institute of Chartered Bankers 57

asset management 66, 69

Associate, Chartered Banker Institute 59

audit committees 196, 207, 208

Australian banking sector 57, 122, 232–33

automated credit scoring 55

autonomy 10, 33–34

Aviva Investors Global Services Limited 69

back books 279

balanced scorecards 255

Banca Etica 123, 124

bancassurance model 118

bank branches 237, 301–02, 311–12

Bank Charter Act (1844) 112, 141

Bank for International Settlements (BIS) 145, 174–75, 188

Bank of England 142, 144, 145, 151, 160–61, 162, 202, 203, 299

history of 112, 121, 141

bank mergers 118

Bank Negara Malaysia 57, 300

Banking Code (2000) 147

Banking Conduct of Business Sourcebook (FCA) 172

Banking Reform Act (2013) 133, 151, 157, 158

Banking Secrecy Law (1934) 52

Banking Standards Board 63–64

Barclays Bank 115, 118, 127–28, 152, 159, 309–10

Basel Accords 178–81

Basel I Accord 175, 179

Basel II Accord 179–80

Basel III Accord 145, 180–81

Basel Committee on Banking Supervision 132, 175, 178, 191, 247

basic bank accounts 312–13

beneficence 10

benign ethical stance 227

Bentham, Jeremy 22–24, 29

bias 273–74, 334–35

‘Big B...

Table of contents

• List of figures
• About the author
• Acknowledgements
• Introduction
• 01 Ethics theory
• 02 Professionalism and ethics in banking
• 03 Ethical decision making in practice
• 04 A short history of banking
• 05 An overview of regulation and legislation in banking
• 06 Corporate governance
• 07 Conduct and culture in banking
• 08 Conduct risk management
• 09 Corporate social responsibility and environmental issues
• 10 Ethics and technology
• Glossary
• Index