Ethics Management in Banking and Finance

Research output: Chapter in Book/Report/Conference proceedingChapterAcademicpeer-review


This chapter discusses how the values which individuals hold will help to frame choices and so influence the choices that are made. If ethical issues in finance have limited ‘moral intensity’ in comparison to other industries, banks will more often than in other industries fail to recognise an ethical issue and to engage in ethical behaviour. Therefore the primary task of ethics management in banking is to ensure that norms of behaviour make reference to values, and to develop tools to help management and employees to recognise ethical issues. The chapter suggests that the financial services industry would benefit from using deliberative polls, a newly developed decision-making tool. It gives an example of an ethics training programme and considers codes of ethics.
Original languageEnglish
Title of host publicationCapital Failure
Subtitle of host publicationRebuilding Trust in Financial Services
EditorsNicholas Morris, David Vines
Place of PublicationOxford
PublisherOxford University Press
ISBN (Print)978-0-19-871222-0
Publication statusPublished - 2014


  • ethics
  • codes of conduct
  • ethical behaviour
  • ethics management
  • values
  • norms
  • deliberative polls
  • codes of ethics
  • financial services

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