Below is a list of publications that are deemed to be of particular interest and significance in the support and promotion of professional excellence, ethics and integrity in the global financial sector.

  


' Ethics & Responibility in Finance by Paul H. Dembinski, University of Fribourg, Switzerland.  The book from the Routledge Focus on Economics and Finance Series opens from an indepth analysis of the operational implications of two key notions: ethics and responsibility. It then addresses ethical dilemmas that are characteristic to each of the three actors involved in any financial transaction. This begins with the discussion of the dilemmas of the ultimate owner of funds: the individual or collective saver, as in the case of pension funds. The analysis then turns to financial intermediaries such as banks, insurance companies, asset managers, and consultants, who work in a web of different loyalties. Finally, the dilemmas of the user of funds are addressed - the household taking a mortgage, an enterprise or a public authority which borrows.

 

' Incentives, bad behaviour and shaking corporate governance: report published by Transparency International called 'Incentivising Ethics: Managing Incentives to Encourage Good and Deter Bad Behaviour' by Paul Moxey.  It describes the different types of incentive which influence behaviour and how formal incentive schemes can go wrong and lead to unethical and sometimes illegal behaviour. Some of these incentives come from outside the organisation and some are created within it. A five step framework sets out how companies can address the challenges and help create a corporate culture, with supporting incentives, where high ethical standards are embedded so that corruption and other improper behaviour do not occur.

 

' Exploring the role of professional bodies and professional qualifications in the UK banking sector ' by BSB - Professionalism in banking.  Research report carried out and written by Jim Baxter and Chris Megone, University of Leeds.

 

' What is Wrong with the Global Financial System?,' asks Philip Goodchild, Professor of Religion & Philosophy, Department of Theology and Religious Studies, University of Nottingham, UK. Rethinking Capitalism Conference


' Banks must be people- centred,' says Archbishop of Canterbury. The Archbishop of Canterbury`s speech at the conference ' Financial inclusion: The next move forward' held in the City of London.

 

MOVING MONEY: International Financial Flows, Taxes, & Money Laundering 

Jersey Financial Centre is one of the world's leading International Finance Centres. Reliability, political and economic stability, and a sophisticated and comprehensive infrastructure of laws have kept Jersey at the forefront of global finance for over 50 years.  www.jerseyfinance.je

 

UK Parliament "BANKING CULTURE AND COLLECTIVE RESPONSIBILITY"

Parliament examines what the Government is doing, makes new laws, holds the power to set taxes and debates the issues of the day. The House of Commons and House of Lords each play an important role in Parliament's work. http://www.parliament.uk/

 

The CFA Institute Centre for Market Integrity published so far in 2009 six Financial Market Integrity Index Surveys on the United States, Canada, the United Kingdom, Switzerland, Japan and Hong Kong. On a scale of one (not ethical at all) to five (very ethical), the United States is scored in the 2 range for “slightly ethical” and the other countries typically at or around 3 for “somewhat” ethical.                  www.cfapubs.org/loi/ccb

The CFA Institute Centre for Market Integrity published so far in 2009 six Financial Market Integrity Index Surveys on the United States, Canada, the United Kingdom, Switzerland, Japan and Hong Kong. On a scale of one (not ethical at all) to five (very ethical), the United States is scored in the 2 range for “slightly ethical” and the other countries typically at or around 3 for “somewhat” ethical.    www.cfapubs.org/loi/ccb

 

Transparency International published 2009 updates to its Global Corruption Barometer (GCB), Corruption Perceptions Index (CPI) and Briber Payers Index (BPI). All three documents paint an unsatisfactory picture of the levels of corruption that prevail around the world.

 

 

 

Global Witness published in 2009 its study “Undue Diligence: How banks do business with corrupt regimes” that highlights corrupt funds finding their way into the global financial system and the lack of resolve of certain banks to address compliance in dealing with the sources of such funds given the lack or ambiguity of regulation and law.                                     undue_diligence_how_banks_do_business_with_corrupt

 

 

 


The Financial Stability Board, whose Charter was endorsed by the G20 at the September 2009 Pittsburgh meeting, has published in September 2009 three recent reports on “Improving Financial Regulation”, “Overview of Progress in Implementing, the London Summit Recommendations for Strengthening Financial Stability”, and “FSB Principles for Sound Compensation Practices”. The reports are a forewarning to the regulatory and oversight environment that banking and other financial services worldwide can expect over the coming months and years. They capture the political will expressed by the G20 to firmly address the issues of financial behavior and systemic risk that are the root cause of the current financial and economic crises.                         financialstabilityboard.org/