Ethics in Banking: The Role of Moral Values and Judgements in Finance

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Jes Villa 978-1137343406 Palgrave Macmillan 2015

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The solution to the uninhibited lending that was commonplace before the financial crisis has been to introduce tighter regulation to ensure robustness within banks. However, this solution has overlooked the underlying problem of ethical failure in the industry. In the wake of numerous bank collapses, many survivors continue in unprincipled conduct because ethical virtues have not been instilled.

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