Finance & Bien Commun / Common Good N°46&47 – Ethics & Trust in Finance: Getting out of our silos / Sortir de nos silos – Nominated essays, 7th Edition 2018 / 2019 – 2019
[…] In this 7th edition three key subjects came up:
• The issue of the necessary but difficult dialogue and mutual understanding between, on one side, engineers – especially financial ones in charge of technical and digital developments or of new product design, and, on the other side, of financial operators concerned with the ethical dimension of their activity and with the consequences of this activity on society and the environment. Two essays stress the urgency to “get out of the silos”, or in some cases “help others get out of their silos” to discover and understand the concerns and doubts of the other stake holders. This can be achieved by designing ad hoc trainings and exposure tracks.
• At least three of the essays published underline the fact that ethical charters and codes are not sufficient. It is only by working together with the staff on the enhanced ethical quality of behaviour, on the sense of responsibility and on the capacity to spot ethical dilemmas when they arise, that financial activities will have contributed their share to make the world better. This is the only way to implement in practice the spirit of the letter of the rule. But alone this is not sufficient, and some of our authors, also propose to strengthen the regulatory framework.
• Some texts put forward proposals; some concern institutions, other regulations or new interesting services. Even if, in the last analysis, ethics relates to personal decisions and actions, structures either work as enablers of such behaviours or prevent them. For instance, one of the proposals developed in this book, suggests that the ethical quality of corporate culture should be taken into account be the regulator when deciding the level of capital requirements. This is a promising idea. […]
Finance & Bien Commun / Common Good N°44&45 – Ethics & Trust in Finance: Opening the second decade / En route pour la deuxième décennie – Nominated essays, 6th edition 2016/2017 – 2017
[…] In this 6th edition three different key subjects came up:
• Fintech and the different issues on how ethics applies to it; can technology substitute for some ethical concerns due to the automated factor? Or does fintech require additional ethical standards to control it.
• Trust declining as the increasing amount of client data allows financial groups to segment and ultimately discriminate against their customers. These new techniques need a new security system to prevent abuse.
• What initiatives should be continued and which should be abandoned. In this context, a renewed look at the traditionally paternalist role of financial institutions. The appropriateness of ‘nudging’ and how far it is possible to go in pushing products considered right for the investor profile. Should the financial system be regulated as a common good? Finally, as a concrete measure one of the essays looks at using a MOOC which could treat ethics on a global scale. […]
Finance & Bien Commun / Common Good N°42&43 – Ethics in Finance, Sense of urgency / Le sens de l’urgence – Nominated essays, The Robin Cosgrove Prize 2014/2015 – 2015
Finance & Bien Commun / Common Good N°40&41 – Ethics in Finance: What can we do? The views of the upcoming generation – Nominated essays, The Robin Cosgrove Prize 2012/2013 – 2013
Finance & Bien Commun / Common Good N°39 – Nominated Essays « Ethics in Finance – Robin Cosgrove Prize » – Edition 2010/2011 – November 2011