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ETHICS IN BANKING 5D (Objective Code (💨 established minimum standards of…
ETHICS IN BANKING 5D
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Code of ethics
🌈 Avoid conflict of interest
🌈 Avoid misuse of position
🌈 Prevent misuse of information gain through financial institutions operation
🌈 Ensure completeness and accuracy of relevant records
🌈 Ensure confidentiality of communication and transactions
🌈 Ensure fair and equitable treatment all customers
White collar crime
Type of crime
⚡️Fraud
⚡️ Cheating
⚡️ Forgery
⚡️ Misappropriation
⚡️ Exchange controls violations
⚡️ Tax evasion
⚡️ False accounting
⚡️ Counterfeiting
Main responsibilities
🌪 Towards the employees
🌪 Towards the customer
🌪 Towards the Shareholders
🌪 Towards the Government
🌪 Towards the society
Ethics and Moral
ETHICS
💥character/custom
💥 Concern about individual character and social rules that govern our character
💥a set of standard by definition
💥 aset of principle that people use to decide what is right and what id wrong
MORAL
💫things that are right and approved by the society
💫right and wrong of moral refer to the society that they are in
💫behaviour that is morally acceptable in one society may not be acceptable in another society
Personal Attributes
🔥trustworthy
🌤 maintain secrecy regarding customer accounts
🔥Honest
🌤 to perform duties according to rules and regulations of the bank
🔥Good Faith
🌤 to acr good manner acceptable to general banking practices
🔥Discipline*
🌤 to maintain acceptable working attitude
Moral Responsibilities
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Legal Responsibility
companies act as fiduciary, managing the asset in interest of shareholders, they have numerous legal responsibilities to employees, customers, suppliers and other parties
Social Responsibility
often expresses as voluntary that go beyond the economic and legal
✨ Corporate Social Responsibility
bringing corporate behaviour up to level
Objective Code
💨 established minimum standards of goods banking practices which customers are entitled to receive their dealings with banking institutions
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