📝 One-liners · 102 cards
Building an Ethical Organization
In banking, what is the principal asset that ethics protects?
Trust. Ethics is the operating system protecting customer trust in banks.
What is the goal of institutionalizing ethics in banks?
Make ethical behaviour the default daily routine, requiring no external supervision.
Define conflict of interest in banking context.
Personal interest interfering with employee's ability to act in bank's interest.
What does immediate family typically include for conflict-of-interest purposes?
Spouse, children, parents, in-laws, siblings, sons/daughters-in-law, brothers/sisters-in-law.
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