CHAPTER 6 : ETCHICS IN BANKING (PERSONAL ATTRIBUTES OF A BANKER ARE : (…
CHAPTER 6 : ETCHICS IN BANKING
WHAT IS ETHIC?
: A set of principle that people use to decide what is right and what is wrong.
PERSONAL ATTRIBUTES OF A BANKER ARE :
( Maintain secrecy regarding customers account)
( To perform duties according to rules and regulation of the bank)
( To act in good manner acceptable to general banking practices )
( To maintain acceptable working attitude such as punctuality)
THREE CHARACTERISTIC ASSOCIATES WITH MORAL JUDGEMENT
:pineapple: Moral judgement about the rightness or wrongness of an action. The acceptance of right and wrong must be universal.
:pineapple: Moral judgement is important. It is much more important than all other considerations.
:pineapple: Moral praise can properly accompany the doing of morally right actions.
WHAT IS MORAL?
: it means things that are right and approved by the society.
CODE OF GOOD BANKING PRACTICE
:stuck_out_tongue: It is a code implemented on 1st July 1995 by the Association of banks on malaysia in order to promote good banking practice in Malaysia.
:stuck_out_tongue: It basically provides for practice relating to customers and their banks, codes, and principles conduct for staff.
THE PRINCIPAL OBJECTIVES OF THE CODE
:dart: Established minimum standards of good banking practice which customers are entitled to receive in their dealings with banking institutions.
:dart:To promote a more transparent and fair relationship between the institutions and their customers.
:dart: To ensure that customers have an understanding of how their accounts operate as well as the banking offered.
:dart: To maintain confidence in the security and integrity of banking and card payment system.
CODE OF CONDUCT/ ETHICS
:explode: To avoid conflict of interest
:explode: To avoid misuse of position
:explode: To ensure fair and equitable treatment of all customers.
:explode: To ensure confidentiality of communication and transactions.
WHITE COLLAR CRIMES
:airplane: TAX EVASIONS