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BANKING ETHICS CHANGING DYNAMICS
What is banking ethics?
Banking ethics refers to the set of moral principles and professional standards that guide the conduct of banks, their employees, and management in all dealings with customers, regulators, and society.
What is the 'ethical wall' or 'Chinese wall' concept in banking?
Information barrier separating departments to prevent conflicts of interest.
Why has banking ethics become more important in the post-liberalisation era?
Post-liberalisation, increased competition, complex financial products, and greater customer awareness have heightened the need for ethical conduct to maintain trust, avoid mis-selling, and ensure financial stability.
What is 'regulatory arbitrage' and why is it considered unethical in banking?
Exploiting loopholes across jurisdictions to bypass regulations, undermining fair oversight.
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