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Ethics, business ethics & banking an integrated perspective
What is the primary distinction between ethics and law in the context of banking?
Ethics refers to moral principles that guide behaviour beyond what is legally required, while law sets the minimum enforceable standard; ethical banking demands conduct that is lawful and also morally sound.
What is the meaning of 'ethics' as applied to banking professionals?
Ethics refers to moral principles guiding right conduct in professional life.
How does business ethics differ from general personal ethics?
Business ethics applies moral principles specifically to commercial activities, stakeholder relationships, and organisational decisions, whereas personal ethics governs individual conduct in private life.
How does an 'integrated perspective' on ethics benefit a bank's overall functioning?
It aligns individual, institutional and societal values for holistic ethical behaviour.
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