Ethical behavior and the bottom line
By Lee Rossini
Most clients place a premium on having a trusted relationship with their financial adviser. To achieve this, the financial adviser must demonstrate a high standard of integrity and ethical behavior. It makes sense that financial advisers who are honest and ethical in their dealings with clients will ...
Ethical culture begins with senior management
Corruption, Crime & Compliance
A company without an ethical culture, or at least a commitment to an ethical culture, will be unable to achieve an effective ethics and compliance programme.
NAVEX Global’s recent benchmarking report was an important confirmation that successful compliance programmes often have two strong characteristics – senior ...
The operation of data ethics in the financial services sector
Financial institutions have become accustomed to managing gigantic volumes of data, ranging from customer data to business intelligence and employee data. However, the financial services sector is being revolutionised by data-driven, and data-generating, technology, notes Allen & Overy in a recent media release. With the likes of mobile, blockchain and artificial ...
UK Regulator demands consideration of AI ethics
The use of artificial intelligence (AI) in financial services is still only at a 'nascent' phase, with a number of firms yet to ask themselves fundamental questions around ethical use, according to the UK's Financial Conduct Authority’s executive director of strategy and competition.
Announcing the launch of the ...