New UK online guide to 'Ethics in Banking and Finance' launched

UK Finance has launched a new online guide to 'Ethics in Banking and Finance', providing financial services firms and their senior teams with a reference resource relating to workplace culture, conduct and ethics.

UK Finance says the guide, created in partnership with law firm Linklaters, will help firms navigate various aspects of company law, governance, regulation and market-based guidance informed by ethical principles.

UK Finance is the UK trade body representing the banking and finance industry and typically provides firms and individuals operating in the sector with key reference points for governance, strategy and decision-making, all informed by ethical principles.

Julia Dixon, Financial Regulation Partner at Linklaters, comments: 'Operating according to ethical values, and being able to demonstrate how governance, strategy and decision making has been informed by ethical principles, is an issue which is squarely in the spotlight. Firms do not operate in a vacuum and their licence to operate depends on customers and stakeholders (including, importantly, regulators) being satisfied with their business approach. Building trust through an ethical framework and responsible business outlook is critical to sustainable success as well as to avoiding costly crises.'

The guide is available to download here.