Professional Responsibility and the Banks

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

This chapter examines how the development and exercise of professional responsibility might make a valuable contribution to a good future for the banking sector and all those affected by it. It considers the idea of bankers as professionals. The terms ‘professional’ and ‘profession’ are used in a variety of ways in everyday speech. Perhaps the addition of a stronger sense of professional responsibility on the part of bankers would go some way towards justifying their rewards. Covering banks and similar financial institutions, the aim of the Senior Managers Regime is to focus accountability on a narrow range of individuals, encourage individuals to take responsibility for their actions, and make it easier for both banks and regulators to take greater responsibility for their actions. The banks themselves will have an important role to play, but this will necessitate the reversal of a long-term trend of becoming less closely linked to the professional bodies.
LanguageEnglish
Title of host publicationBusiness Ethics After the Global Financial Crisis
Subtitle of host publicationLessons from The Crash
EditorsChristopher Cowton, James Dempsey, Tom Sorell
Place of PublicationNew York
PublisherRoutledge
Chapter8
Pages106-126
Number of pages21
Edition1st
ISBN (Electronic)9780429447839
ISBN (Print)9781138330504
DOIs
Publication statusPublished - 12 Feb 2019

Publication series

NameRoutledge Studies in Business Ethics

Fingerprint

Responsibility
Bankers
Senior managers
Financial institutions
Accountability
Reversal
Reward
Exercise
Banking sector

Cite this

Cowton, C. (2019). Professional Responsibility and the Banks. In C. Cowton, J. Dempsey, & T. Sorell (Eds.), Business Ethics After the Global Financial Crisis: Lessons from The Crash (1st ed., pp. 106-126). (Routledge Studies in Business Ethics). New York: Routledge. https://doi.org/10.4324/9780429447839-8
Cowton, Christopher. / Professional Responsibility and the Banks. Business Ethics After the Global Financial Crisis: Lessons from The Crash. editor / Christopher Cowton ; James Dempsey ; Tom Sorell. 1st. ed. New York : Routledge, 2019. pp. 106-126 (Routledge Studies in Business Ethics).
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Cowton, C 2019, Professional Responsibility and the Banks. in C Cowton, J Dempsey & T Sorell (eds), Business Ethics After the Global Financial Crisis: Lessons from The Crash. 1st edn, Routledge Studies in Business Ethics, Routledge, New York, pp. 106-126. https://doi.org/10.4324/9780429447839-8

Professional Responsibility and the Banks. / Cowton, Christopher.

Business Ethics After the Global Financial Crisis: Lessons from The Crash. ed. / Christopher Cowton; James Dempsey; Tom Sorell. 1st. ed. New York : Routledge, 2019. p. 106-126 (Routledge Studies in Business Ethics).

Research output: Chapter in Book/Report/Conference proceedingChapter

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Cowton C. Professional Responsibility and the Banks. In Cowton C, Dempsey J, Sorell T, editors, Business Ethics After the Global Financial Crisis: Lessons from The Crash. 1st ed. New York: Routledge. 2019. p. 106-126. (Routledge Studies in Business Ethics). https://doi.org/10.4324/9780429447839-8