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Ethics in Finance: Why is it such a problem?

December 1, 2015 • GLOBAL ECONOMY, FINANCE & BANKING, Capitalism in the 21st Century, Banking Innovation, Governance & RegulationComments (0)

By John Hendry Despite the best efforts of all concerned, the financial sector continues to have a bad reputation for illegal and unethical behaviour and to be more prone to ethical lapses than other business sectors. John Hendry explores why this should be, and what might be done about it in practice. You might also …

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How Asia Works: Finance: The Merits of a Short Leash

October 30, 2015 • GLOBAL ECONOMY, FINANCE & BANKING, Asia - Pacific, Banking InnovationComments (1)

By Joe Studwell “Demonstrating that an exchange economy is coherent and stable does not demonstrate that the same is true of an economy with capitalist financial institutions … Indeed, central banking and other financial control devices arose as a

Regulation and Culture Change in Banks

September 30, 2015 • FINANCE & BANKING, EMERGING TRENDS, CULTURE & LIFESTYLE, Editor’s Choice, Banking Innovation, Global Capital Markets, Governance & Regulation, Unprotected PostComments (0)

By John Mellor Responses from regulators to the failures in bank governance and standards of conduct revealed by the crisis of 2007-2008 will fall short of what is needed to restore credibility and trust in financial services. Besides regulation, a change in

Building the Best-Practice Engagement Bank

September 30, 2015 • FINANCE & BANKING, BUSINESS & INNOVATION, Banking InnovationComments (0)

By Brett King, Alex Sion and Michael Degnan If you were building a bank from scratch today to optimise customer experience and engagement, what would it look like? Is there a set of benchmarks or best-practices that we could bundle together to create the

The Role of Ethical Finance in the Well Being of the 21st Century Societies

September 30, 2015 • FINANCE & BANKING, Banking Innovation, Global Capital Markets, Governance & Regulation, Personal FinanceComments (0)

By Sofia Santos According to the Report produced by the Commission on the Measurement of Economic Performance and Social Progress, chaired by Joseph Stiglitz, it is acknowledged that “…GDP is an inadequate metric to gauge well-being over time particularly

Will There be Such a ‘Think’ as Responsible Investment Banking One Day?

September 30, 2015 • FINANCE & BANKING, Banking Innovation, Global Capital Markets, Governance & Regulation, Personal FinanceComments (1)

By Karen Wendt In this article, Karen Wendt, the editor of Responsible Investment Banking: Risk Management Frameworks, Sustainable Financial Innovation and Softlaw Standards, gives our readers an introduction to her latest body of work which is a collection

The Origins of Business

June 4, 2015 • GLOBAL ECONOMY, FINANCE & BANKING, Banking Innovation, Global Capital Markets, Personal FinanceComments (1)

By Keith Roberts This essay outlines how business entities began and grew to become the recognizable ancestors of modern business. It suggests that deliberate innovation and marketing are the principal distinctions between modern and ancient business, and

From Hubris to Disgrace: The End of Finance as we Know it…

March 26, 2015 • FINANCE & BANKING, In-depth, Banking Innovation, Global Capital Markets, Governance & Regulation, Unprotected PostComments (0)

By Mark Esposito and Terence Tse In this article, Mark Esposito (co-editor with O’Sullivan and Allington of the book From Hubris to Disgrace) and Terence Tse, take a closer look at the economic and philosophical domain of finance in order to understand the

Transformation of Financial Services in Northeast Asian Banks: An Unexpected, but Pleasant, Cultural Surprise

January 25, 2015 • FINANCE & BANKING, BUSINESS & INNOVATION, CULTURE & LIFESTYLE, Asia - Pacific, Banking Innovation, Personal FinanceComments (0)

By Jung Kee Hong and You-il Lee   Below Dr. Jung Kee Hong and Dr. You-il Lee explore the new emergence of financial market trends shown in Northeast Asia, such as the rapid growth in bancassurance in Korea and Taiwan. The authors offer an analysis on a

Leverage For Good: The New World of Social-Purpose Finance

November 26, 2014 • FINANCE & BANKING, BUSINESS & INNOVATION, Banking Innovation, Climate Change & Society, Global Capital Markets, World DevelopmentComments (0)

By Lester M. Salamon A revolution is underway on the frontiers of philanthropy. New charitable models hold the promise of leveraging for social and environmental purposes not just billions of dollars of charitable grants but hundreds of billions, indeed