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Cultivating a Positive Ethical Culture within Financial Institutions

   

Added on  2019-10-30

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Cultivating a Positive Ethical Culture within Financial Institutions_1

ContentsIntroduction......................................................................................................................................1Recent Event of the financial nature................................................................................................1Ethical issues...................................................................................................................................2Factors contributed to the event.......................................................................................................3Recommendations for positive outcomes........................................................................................4References........................................................................................................................................6
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IntroductionThe unethical behaviour has been seen to be the major part of the financial services industry. In the recent times, it has been seen that there are some of the destructive forces which includes he is changing behaviour with the different crisis that trigger the big banking as well. The practices include multiple issues which include the delays in processing or rejection of the claims. The unethical behaviour in the financial services has a major impact on the negative global financial impact which directly affect the reputation and the brand (Narayan et al., 2017). With this, there are other issues related to the lending, borrowing and the speculative trading where the problem is about the forced restructuring of the banking sectors. The big banks have the problem with the ethical and the morality standards, where there are issues related to the finance. According to the article on:https://www.theguardian.com/sustainable-business/2016/jan/18/big-banks-problem-ethics-morality-davosIt has been clearly referred that the financial lawyers and the regulators case includes the cases for the proven fraud or abuse which became to be mis-selling and exploiting with the inconsistencies. The regulatory systems are set with the plan which is profitable and complaint. For any immoral banker, the banks have a vast structure where there are tens of thousands of staff in department with the risks compliance and the internal audits (Hough et al., 2016). An inevitable change with the traders include the breaking rules with banking staff working in risks and compliance.
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