Ethics And Banking: Beyond Compliance

Abstract

This case explores ethics beyond regulatory compliance in the banking industry. The reader discovers how bankers are exposed to ethical situations that are not subject to legal or regulatory controls. The personal ethical standards of a bank president are intended to prevent any perception of pay-to-play or conflict of interest. The reader is asked to respond to the case in three parts and to consider the unintended consequence of ethical standards on the bank’s employees. This case is appropriate for courses in Ethics, Banking, and Government.