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01
May
14
Posted by:
Dr Simon Longstaff

Skepticism vs Cynicism - the battle of reputation

The Executive Director of St. James Ethics Centre, Dr. Simon Longstaff, ruminates on the origins of ethical shortcomings in the banking and finance industry. He suggests that the majority of wrongdoers are not usually avaricious and manipulative characters, but in fact moderately decent people who are engaging in practices they consider commonplace. This needs to change, starting with the recognition of ethical standards and the inter-personal accountability perpetuated by the BFO.
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30
Apr
14
Posted by:
Pauline Vamos

FOFA: An ethical debate

Pauline Vamos, ASFA Chief Executive Officer, acknowledges the responsibility of banking and finance professionals to make ethical decisions, particularly considering the asymmetry of information, knowledge and power in the practitioner/client relationship. She urges the industry to engage with this notion on a personal and conversational level, and start from the ground-up with the BFO.
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29
Apr
14
Posted by:
Cris Parker

New BFO appointment: Executive Cris Parker

Cris Parker, the newly appointed Executive of the BFO, introduces herself, outlines her role and discusses her hopes for the future of the BFO.
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29
Apr
14
Posted by:
Clare Payne

Who do you work for?

Clare Payne, BFO Board Member and Consulting Fellow with St. James Ethics Centre, contemplates the question: who do you work for? She considers the banking and finance industry’s obligation to society at large. As an industry founded upon a social contract with trust at its core, it should ultimately be guided by this philosophy when ethical obligations may seem unclear.
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29
Apr
14
Posted by:
Stephen Dunne

Short-termism and ethics

Stephen Dunne, BFO Chairman, reflects upon the dangers of finding short-term solutions to financial problems, or ones that deliver results for clients in the shortest time span, as these often hold ethical flaws, and come at the expense of long-term stability and trust. The BFO seeks to improve the ethical fabric of all market participants and thereby build a sustainable industry in the long-term.
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