What does it mean to be professional?
By Lee Rossini
Financial products and services are intangible. This makes it impossible for clients to assess the products and services before purchasing them. This means that professionalism in the financial services industry is not just a desirable trait but a crucial foundation for success. The industry demands a high ...
Back to basics: key ethical principles in financial services
In the ever-evolving world of finance, where complex products, technologies, and regulations continually reshape the landscape, it's crucial to revisit the foundational principles that underpin the industry's ethical framework. Financial services, whether in banking, investment, insurance, or wealth management, are built on trust, integrity, and the unwavering ...
Ethical considerations – A warning for boards – the real and costly consequences of reputational risk
In the world of corporate governance and compliance, the age-old fable of 'The Boy Who Cried Wolf' carries profound lessons. In this allegory, the boy symbolises individuals within an organisation who sound the alarm about non-compliance and its potential consequences for reputational risk. Vital questions arise from this narrative ...
Ethics as the moral compass in finance: navigating the evolving landscape with integrity
Insights from the 2023 Global Business Ethics Survey by ECI
The Ethics and Compliance Initiative (ECI) stands as a significant organisation, offering invaluable insights and leadership in the realm of ethics and compliance. Since its inception in 1994, ECI has undertaken a comprehensive longitudinal study, examining workplace conduct across various dimensions. Recently, ECI released its findings on the five trends observed ...