Financial Institutions and Codes of Ethics

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Corporate codes are one of the most conspicuous tools in the business ethics armory. They have their vocal critics, but this chapter argues that they can make a positive contribution if they are well designed and embedded in the organization. A financial institution that seeks to take ethics seriously should ensure that the contents of its code are appropriate and current and that the code is effectively communicated, well supported, and diligently enforced. The codes of two UK-based banks are used to illustrate the points made. A final section recognizes that some employees will also be subject to professional codes of ethics and considers how this can support organizational ethics.
Original languageEnglish
Title of host publicationHandbook on Ethics in Finance
EditorsLeire San-Jose, José Luis Retolaza, Luc van Liedekerke
PublisherSpringer, Cham
ISBN (Electronic)9783030000011
ISBN (Print)9783030293703
DOIs
Publication statusE-pub ahead of print - 19 Dec 2019

Publication series

NameInternational Handbooks in Business Ethics
PublisherSpringer, Cham
Volume3
ISSN (Print)2213-106X
ISSN (Electronic)2213-1078

Fingerprint

Financial institutions
Code of ethics
Business ethics
Employees
Organizational ethics

Cite this

Cowton, C. (2019). Financial Institutions and Codes of Ethics. In L. San-Jose, J. L. Retolaza, & L. van Liedekerke (Eds.), Handbook on Ethics in Finance (International Handbooks in Business Ethics; Vol. 3). Springer, Cham. https://doi.org/10.1007/978-3-030-00001-1_1-1
Cowton, Christopher. / Financial Institutions and Codes of Ethics. Handbook on Ethics in Finance. editor / Leire San-Jose ; José Luis Retolaza ; Luc van Liedekerke. Springer, Cham, 2019. (International Handbooks in Business Ethics).
@inbook{33f143451dad4f6386687809cc6cd5c6,
title = "Financial Institutions and Codes of Ethics",
abstract = "Corporate codes are one of the most conspicuous tools in the business ethics armory. They have their vocal critics, but this chapter argues that they can make a positive contribution if they are well designed and embedded in the organization. A financial institution that seeks to take ethics seriously should ensure that the contents of its code are appropriate and current and that the code is effectively communicated, well supported, and diligently enforced. The codes of two UK-based banks are used to illustrate the points made. A final section recognizes that some employees will also be subject to professional codes of ethics and considers how this can support organizational ethics.",
keywords = "financial institutions, Banks, code of ethics, codes of conduct, professional bodies, Professional ethics",
author = "Christopher Cowton",
year = "2019",
month = "12",
day = "19",
doi = "10.1007/978-3-030-00001-1_1-1",
language = "English",
isbn = "9783030293703",
series = "International Handbooks in Business Ethics",
publisher = "Springer, Cham",
editor = "San-Jose, {Leire } and Retolaza, {Jos{\'e} Luis} and {van Liedekerke}, Luc",
booktitle = "Handbook on Ethics in Finance",

}

Cowton, C 2019, Financial Institutions and Codes of Ethics. in L San-Jose, JL Retolaza & L van Liedekerke (eds), Handbook on Ethics in Finance. International Handbooks in Business Ethics, vol. 3, Springer, Cham. https://doi.org/10.1007/978-3-030-00001-1_1-1

Financial Institutions and Codes of Ethics. / Cowton, Christopher.

Handbook on Ethics in Finance. ed. / Leire San-Jose; José Luis Retolaza; Luc van Liedekerke. Springer, Cham, 2019. (International Handbooks in Business Ethics; Vol. 3).

Research output: Chapter in Book/Report/Conference proceedingChapter

TY - CHAP

T1 - Financial Institutions and Codes of Ethics

AU - Cowton, Christopher

PY - 2019/12/19

Y1 - 2019/12/19

N2 - Corporate codes are one of the most conspicuous tools in the business ethics armory. They have their vocal critics, but this chapter argues that they can make a positive contribution if they are well designed and embedded in the organization. A financial institution that seeks to take ethics seriously should ensure that the contents of its code are appropriate and current and that the code is effectively communicated, well supported, and diligently enforced. The codes of two UK-based banks are used to illustrate the points made. A final section recognizes that some employees will also be subject to professional codes of ethics and considers how this can support organizational ethics.

AB - Corporate codes are one of the most conspicuous tools in the business ethics armory. They have their vocal critics, but this chapter argues that they can make a positive contribution if they are well designed and embedded in the organization. A financial institution that seeks to take ethics seriously should ensure that the contents of its code are appropriate and current and that the code is effectively communicated, well supported, and diligently enforced. The codes of two UK-based banks are used to illustrate the points made. A final section recognizes that some employees will also be subject to professional codes of ethics and considers how this can support organizational ethics.

KW - financial institutions

KW - Banks

KW - code of ethics

KW - codes of conduct

KW - professional bodies

KW - Professional ethics

U2 - 10.1007/978-3-030-00001-1_1-1

DO - 10.1007/978-3-030-00001-1_1-1

M3 - Chapter

SN - 9783030293703

T3 - International Handbooks in Business Ethics

BT - Handbook on Ethics in Finance

A2 - San-Jose, Leire

A2 - Retolaza, José Luis

A2 - van Liedekerke, Luc

PB - Springer, Cham

ER -

Cowton C. Financial Institutions and Codes of Ethics. In San-Jose L, Retolaza JL, van Liedekerke L, editors, Handbook on Ethics in Finance. Springer, Cham. 2019. (International Handbooks in Business Ethics). https://doi.org/10.1007/978-3-030-00001-1_1-1