Question

What is ethics and why it is important in banking & finance?

What is ethics and why it is important in banking & finance?

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Ethics has been defined as the code or set of principles by which people live. Ethics is about what is considered to be right and what is considered to be wrong.

People entrust the safety of their money in the banking and financial system. When banks or the financial system behave unethically, the public confidence in these institutions is lost and a result the entire banking and finanial system may collapse due to lack of public confidence. Thus behaving ethically plays a major role in the banking and financial system.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Why is banking regulation important? What are the burden of regulations associated with it?
Why is banking regulation important? What are the burden of regulations associated with it?
Why is business ethics important to managers?
Why is business ethics important to managers?
why is ethics important for accounting? Give an example?
why is ethics important for accounting? Give an example?
In Human Resource Managment, why is it important to have a Code of Ethics?
In Human Resource Managment, why is it important to have a Code of Ethics?
Discuss the elements of ethics and why it is so important in the practice of accountancy...
Discuss the elements of ethics and why it is so important in the practice of accountancy today.
What is ethics ? How important is ethics in work place?do you feel that poor ethics...
What is ethics ? How important is ethics in work place?do you feel that poor ethics hinders the performance of business ? Research paper
In finance, the internal and sustainable rates of growth are important. Why?
In finance, the internal and sustainable rates of growth are important. Why?
what role does the investment banking industry play in finance more specifically?
what role does the investment banking industry play in finance more specifically?
Why are balance sheets important to healthcare organization finance and what area of the balance sheet...
Why are balance sheets important to healthcare organization finance and what area of the balance sheet would you consider the most critical?
Describe the management accountant's role, how that role affects behavior and why ethics are important for...
Describe the management accountant's role, how that role affects behavior and why ethics are important for the management accountant.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT