Integrity, responsibility and affinity: three aspect of ethics in banking

Research output: Contribution to journalArticle

Abstract

Banking, in common with other areas of finance, is often considered an amoral field focused purely on risk and return. However, ethics does have an important role to play, both traditionally and as business and banking evolve. Based on a speech to a European Union conference on financing small and medium–sized enterprises (SMEs), this paper seeks to provide an overview of ethics in banking using three terms. Integrity is important to generate the trust necessary for any banking system to flourish, responsibility highlights contemporary banks’ need to take into account the consequences of their lending policies, and affinity refers to a set of relatively novel ways in which depositors and borrowers can be brought closer together than they are in conventional western banking.
LanguageEnglish
Pages393-400
JournalBusiness Ethics
Volume11
Issue number4
DOIs
Publication statusPublished - Oct 2002

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Banking
Integrity
Responsibility
European Union
Financing
Small and medium-sized enterprises
Finance
Lending
Risk and return
Banking system

Cite this

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abstract = "Banking, in common with other areas of finance, is often considered an amoral field focused purely on risk and return. However, ethics does have an important role to play, both traditionally and as business and banking evolve. Based on a speech to a European Union conference on financing small and medium–sized enterprises (SMEs), this paper seeks to provide an overview of ethics in banking using three terms. Integrity is important to generate the trust necessary for any banking system to flourish, responsibility highlights contemporary banks’ need to take into account the consequences of their lending policies, and affinity refers to a set of relatively novel ways in which depositors and borrowers can be brought closer together than they are in conventional western banking.",
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Integrity, responsibility and affinity : three aspect of ethics in banking. / Cowton, Christopher.

In: Business Ethics, Vol. 11, No. 4, 10.2002, p. 393-400.

Research output: Contribution to journalArticle

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