Getting the Culture and the Ethics Right: Towards a New Age of Responsibility in Banking and Finance

Description

This volume is a collection of articles based upon presentations given on November 23, 2015 at a conference hosted by the Institute for Law and Finance entitled "Towards a New Age of Responsibility in Banking and Finance: Getting the Culture and the Ethics Right" which brought together leaders from the public and private sectors to discuss the importance of culture and ethics in restoring public trust in financial institutions. a discussion by leaders of the public and private sector about culture and ethics in financial institutions Introduction Table of Contents The Authors I. The Group of Thirty Report on Banking Conduct and Culture Summary of Group of Thirty Findings II. Why focus on Culture? Culture and Conduct The importance of Reforming Bank Culture We ignore Culture at our Peril III. Enforcement and Supervision Lessons from the Crisis The View from the SSM Culture, Supervision and Enforcement in Bank Regulation IV. Bankers’ Codes: From Industry to Profession Plea for a Bankers’ Code of Conduct The Dutch Experience: Can an Oath repair the Dialogue? V. Supervisors and Boards Banking Culture: Regulatory Arbitrage, Values, and honest Conduct Changing Corporate Behaviour – the Role and Importance of Governance It’s all about Trust VI. Taking Responsibility: The Banker’s New Attitude A View from France Taking Responsibility at Deutsche Bank How to conceptualize Corporate Culture and Cultural Change: Motivation for a Research Agenda VII. Is it Culture or Structure? The Importance of Structure The Need to Synchronize Culture and Structure In the End it is both Culture and Structure VIII. Conclusion Conclusion