Research handbook on law and ethics in banking and finance / edited by Costanza A. Russo, Rosa M. Lastra, William Blair.

Format:

Book

Contributor:

Edward Elgar Publishing, publisher.

Blair, William, editor.

Lastra, Rosa María, editor.

Russo, Costanza A., editor.

Series:

Research handbooks in financial law.

Research handbooks in financial law

Language:

English

Subjects (All):

Banking law.

Banks and banking--Moral and ethical aspects.

Banks and banking.

Finance--Law and legislation.

Finance.

Finance--Moral and ethical aspects.

Financial institutions--Law and legislation.

Financial institutions.

Physical Description:

1 online resource (448 pages).

Place of Publication:

Northampton : Edward Elgar Publishing, 2019.

Summary:

"The global financial crisis highlighted the corrosive effects of unethical behaviour within the banking industry. This edited collection focuses on the role that ethics, as well as the law, can play to prevent such behaviour from reoccurring. It also examines the effectiveness of newly introduced regulations and supervisory actions in fostering ethical conduct with the aim of realigning the interests of financiers with those of society as a whole. Featuring contributions from authors in academia, central banks, and professional practice, this Research Handbook presents a comprehensive assessment of law, regulation and professional and market standards in the financial industry. The chapters discuss the philosophical foundations of ethics in financial law, the existence of a social licence to operate and how to nudge banks to be more inclusive. They also critically evaluate some of the key topics in the debate, including fiduciary duties and enforcement measures. The Research Handbook will be of great interest to academics, policy makers and practitioners in financial law and banking law, as well as legal ethics. Those working within the financial industry with an interest in corporate conduct and culture, will find the Handbook to be an invaluable source of information"-- Provided by publisher.

Contents:

Contents: Foreword / Andrew Bailey

Introduction / Sir William Blair, Prof Rosa Lastra, Dr Costanza Russo

Part I: The foundations of ethics in banking and finance

1. The philosophical foundations of financial ethics / Kara Tan Bhala

2. Ethics and standards in financial regulation / Sir William Blair and Clara Barbiani

3. Ethical foundation of financial law / Rosa Lastra and Marcelo Sheppard

Part II: The role played by law and standards

4. Nudging inclusive banking and micro finance towards self-sustainability (the ethical role of regulation and self-regulation) / Katherine Hunt, Marco Lamandini and David Ramos Muño

5. The social licence for financial markets, written standards and aspiration / David Rouch

6. The development and implementation of professional standards for uk bankers: A practitioner perspective / Simon Thompson

7. What should we do about the law of money, finance, banks and the like? / Philip Wood

8. Rebuilding trust in financial markets: Beyond the limits of law and regulation / Mark Yallop

Part III: Can law counteract unethical behaviour? Some examples

9. Ethical considerations in the representation of sovereign clients / Lee Buchheit

10. Law and ethics: The bank's fiduciary duty towards retail customers / Ruth Plato Shinar

11. Market timers, late traders and the ultimate insiders / Basil G. Zotiades

Part IV: The effectiveness of regulation and supervisory actions

12. Developing the senior managers regime / Alan Brener

13. What makes deterrence credible? / Andromachi Georgosouli

14. Breaches of aml reporting requirements by UK bankers: Are effective enforcement choices being made by financial regulators? / Miriam Goldby

Part V: Are financial regulators ethical?

15. Ethical culture and central banking / Thomas C. Baxter Jr

16. Central banks and ethics: The virtual paradox of transparency and confidentiality mandates / Manuel Monteagudo Valdez

17. Enforcement, ethics and transparency: Problems and perspectives / Costanza A Russo

Index.

Notes:

Includes index.

Description based on print version record.

Includes bibliographical references and index.

ISBN:

1-78471-654-5