Essay on Banking - 2495 Words

Introduction A bank refers to a financial institution that accepts deposits and channels the money into lending activities (Lewis, 2009). Ethics refers to the principles of right and wrong that are accepted by an individual or a social group ((Lewis, 2009).) Conceptually, ethics refers to well base standards of right and wrong that prescribe what humans ought to do, usually in terms of rights, obligations, benefits to society, fairness, or specific virtues (Safakli, 2005). It’s the integrity measure, which evaluates the values, norms and rules that constitute the base for individual and social relationships, from a moral perspective (Smith and Smith, 2002). It consists of choosing the good over the bad, the right over the wrong and the†¦show more content†¦The banking sector in the modern society, in many areas, play many roles which includes unifying and intermediary roles between the fund supplying and fund demanding sides of the society, helping accomplish investment and savin g functions. Banking institutions are expected to protect the rights and interests of depositors, establish stable and trustworthy financial markets, engage in economic development and more importantly to ethically conduct their operations in compliance with the principles of integrity, transparency , reliability, impartially, with social responsibility and control money laundering (Carse, 1999). However, not all banking institutions practice these norms, with their dishonor leading to adverse effects, for instance; corruption which includes the banking sector unethical conduct, can cost the poor three times more than the rich, according to a 2002 Word Development Report. Ethical issues Financial institutions -including banks of all sorts, credit agencies, private equity firms, pension funds, insurance companies, and the like- have long been considered by most people to have no other object in view than the creation of wealth. The performance of financial institutions is therefore measured solely on the basis of their capacity to maximize financial assets, that is, it has been measured with evaluation factors that review only their monetary bottom-line results.Show MoreRelatedEconomics of Banking5514 Words   |  23 PagesH.Keiding: Economics of Banking (Prel.version:September 2013) Chapter 18, page 1 Chapter 18 Capital Regulation and The Basel Accords 1. Introduction: why capital regulation? 2. Eï ¬â‚¬ects of capital regulation 2.2. A model where banks have equity in excess of regulatory demand. There is some empirical evidence that banks choose a composition of funding where the share of equity is larger than what is demanded by regulators. Below we consider a simple model of largely competitive ï ¬ nancial marketsRead MoreLaw (Banking) 2551076 Words   |  5 PagesLAW (BANKING) 255 Take Home Test Semester 1, 2011 Name: Lin Dongyu Student Number: 14671458 Due date: 21/04/2011 Total word: 997 words Briefly explain, by reference to case law, why it is difficult to define the term â€Å"the business of banking†. For the term â€Å"the business of banking†, the statute definition is inadequately, even some statute laws can help with the understanding about â€Å"the business of banking† but the definitions they are provided still not adequate (Waldeck Giardina)Read MoreThe Dictionary Of Banking And Finance1471 Words   |  6 PagesSummary: The Dictionary of Banking and Finance characterizes â€Å"Investment Banking† as a term utilized as a part of the US to mean a bank, which bargains with the guaranteeing of new issues and prompts partnerships on their budgetary undertakings. The proportionate term in UK for such capacity is â€Å"Issue House†. 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Investment bank includes but is not limited to bringing an established company to the market, by that I mean taking company with the capabilities but not capital of expanding, and raising money through other investors or the stock market (IPO) for a commission, I chose this field becauseRead MoreAgent Banking for Bangladesh1888 Words   |  8 Pages| | VOL 20 NO 157 REGD NO DA 1589 | Dhaka, Thursday, March 28 2013 | http://www.fe-bd.com/index.php?ref=MjBfMDNfMjhfMTNfMV85Ml8xNjQ1NzA= | Bangladesh Bank mulls agent banking for financial inclusionM S Siddiqui Agent banking is a financial service offered to customers by a third party on behalf of a financial institution (FI). An agent is an entity that is engaged by an FI to provide specific financial services on its behalf using the agents premises. It is an additional delivery channelRead MoreBanking : Theory And Practice3095 Words   |  13 PagesBanking: Theory Practice FINA3304: 2015 Group Assignment Task 1: Basel III – Capital adequacy Basel III consists of a comprehensive set of reform measures intended to improve the regulation, supervision and risk management of the banking sector (APRA 2013). Being developed mainly in response to the credit crisis of 2007, it requires banks to maintain adequate leverage ratios and meet certain capital requirements. Basel III builds on the basis of previous Basel I and Basel II and isRead MoreIslamic Banking And Conventional Banking8251 Words   |  34 PagesStudy areas 3. Methods of the study 4. Data collection methods 5. Important of the study 6. Key estimated learning from the study Part two 7. What is Islamic Banking 8. What are the transaction process of Islamic banking 9. The key sources of law and values of Islamic Banking 10. The differences between Islamic Banking and conventional Banking Part three 11. A comparative analysis 12. Conclusion Basic differencess: Results indicate that conventional banks perform better in profitability, whileRead MoreEssay on Industry Analysis: Banking732 Words   |  3 PagesIndustry Analysis: Banking The banking industry has come under increasing pessimism of late because of rising short and long-term interest rates. The banking industrys market capitalization made a substantial decline. Most investors are concerned with whether the industry can sustain continued profitability as a result of these factors. Banks have responded in recent years to these problems by diversifying away from interest sensitive products and services. But interest rates areRead MoreInternet Banking And Changing Dynamics Of Banking Industry Essay2675 Words   |  11 Pages TERM PAPER Internet Banking and Changing dynamics in banking industry Amity College Of Commerce And Finance Amity University, Noida Submitted by: Supervised by: Student name: Jatin Gupta MR. Adarsh Arora Enrollment No.:A3104614228 B.COM (HONS) CERTIFICATION