The Conversation Cycle on Art Science and Culture is an initiative of the University of Trás-os-Montes and Alto Douro, organized in cooperation with the Casa de Mateus Foundation, Institute of Arts and Human Sciences of the University of Minho and the Casa de Mateus International Institute.
The subject matter of the session Ethics in Banking, took place on the 12th November 2016, 15h, and the guest speaker was Geert Demuinjk (EDHEC Business school), Faculty President and expert Professor on Work Ethics and Political Philosophy.
The session was moderated by Professor Roberto Merrill (Universidade do Minho).
During this session a Port wine tasting was offered by the Casa of Mateus Foundation.
Abstract - Ethics in banking
The financial industry is highly regulated, more than any other sector of the economy. And yet, ethical issues (and scandals) are all-over. In this lecture, the focus will be on what is specific, from an ethical perspective, in the financial industry. Starting from some empirical observations and cases, it will be shown why some types of ethical issues have to be dealt with on the level of regulation, others on the level of corporations (banks, investment funds, insurance companies, etc.) and still others on the level of the professional deontology of individual bankers. One of the most dramatic aspects of this sector is that the impact of ethically questionable institutional arrangements and unethical behavior are not easily foreseeable.