ETHICS · ETHICS

Building an Ethical Organization (Chapter 11)

Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Ethics in Banking — Ethics in Banking.

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Q

What is the most critical factor for building an ethical organisation in a bank?

A

Tone at the top — senior leadership visibly demonstrating and enforcing ethical behaviour — is identified as the most critical factor for an ethical culture.

Q

What does institutionalizing ethics in a bank primarily require beyond surveillance and speeches?

A

Creating a Code of Ethics and implementing it in letter and spirit

Q

Why is 'tone at the top' considered more important than compliance systems alone?

A

Compliance systems support ethics but are secondary to leadership commitment; without visible leadership modelling, rules alone cannot sustain an ethical culture.

Q

What is the key difference between 'conflicting interests' and a 'conflict of interest' in banking ethics?

A

Conflicting interests means different goals; conflict of interest means opposed loyalties requiring a choice

Q

What role does senior leadership play in establishing an ethical culture within a bank?

A

Senior leadership sets the ethical tone by visibly demonstrating ethical behaviour and enforcing ethical standards throughout the organisation.

Q

What should a bank officer do when in genuine doubt about disclosing customer information?

A

Consult the Legal Department in writing before making any disclosure

Q

Why is ethics training alone insufficient to build an ethical banking organisation?

A

Training is important but remains ineffective without leadership actively modelling the ethical behaviour it seeks to promote.

Q

Which figure is used as the denominator for calculating PSL target when ANBC exceeds CEOBE?

A

ANBC, the higher of the two figures, is used as the denominator

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