It is not always easy to understand the motivations of an organisation to make claims about the ethical attributes of a product, a service or the company as a brand. Does it reflect a real commitment to adopt high ethical standards or is the goal to make the company more ethical than it actually is? What is “ethical washing” and how can it be detected? Can regulation foster ethical business practices? Alumni of the global Prize “Ethics & Trust in Finance for a Sustainable Future” … [Read more...] about Is ethical washing dangerous?
The development of digital technology is opening up the opportunity for providing essential financial services to most people. However, despite the opportunities brought by digital finance, significant challenges remain in terms of social inclusion. Alumni of the global Prize “Ethics & Trust in Finance for a Sustainable Future” share their insights on this issue: can digital finance contribute to economic justice? How can digital finance meet the needs of the old, the poor or the … [Read more...] about How does Digital Finance affect social inclusion?
Ethical banking involves consciousness of how banking practices affect individuals, society and the environment. However, the term “ethical banking” is a broad one which covers a wide range of ideas and concepts. Alumni of the global “Ethics & Trust in Finance for a Sustainable Future” share their insights on this issue: some see ethical banks as having positive duties, while some conceive them as banks “putting people before profits” and others describe them as banks … [Read more...] about What does ethical banking mean to you?
Cultivating the appropriate risk culture is key to successful companies. Employees should be in line with the organization’s mission, values and goals, understand the risk limits and be able to discuss which risks to take or avoid. Failure to build a sound risk culture can create a false belief that the future can be controlled and can cause problems, as happened with many banks. Alumni of the global Prize “Ethics & Trust in Finance for a Sustainable Future” share their … [Read more...] about What does risk culture mean to you?
Ethics in finance can have different meanings depending on the points of view. Discover the insights of alumni of the global Prize “Ethics & Trust in Finance for a Sustainable Future” who discuss various aspects of ethics in finance, mobilising ancient Greek philosophy, differentiating between micro and macro levels, short-term and long-term perspectives while also presenting financial ethics and virtue ethics. A rich overview of various perspectives on ethics in … [Read more...] about What does ethics in finance mean to you?
This is a teaser of the full webinar which can be watched below There is a clear competition between private initiatives in digital payments and public authorities trying to regain control over payments. This trend raises a number of questions that are being discussed: What does the recent crash on crypto-market mean for the reliability of decentralized cryptocurrencies? Will central bank digital currencies make stablecoins redundant? How should public authorities … [Read more...] about Private versus public innovation in payment systems