{"id":1316,"date":"2019-11-26T12:24:17","date_gmt":"2019-11-26T10:24:17","guid":{"rendered":"http:\/\/www.obsfin.ch\/activites\/revue-finance-bien-commun\/recent-issues-finance-bien-commun-common-good\/"},"modified":"2022-02-01T16:26:08","modified_gmt":"2022-02-01T14:26:08","slug":"recent-issues-finance-bien-commun-common-good","status":"publish","type":"page","link":"https:\/\/www.obsfin.ch\/fr\/publications\/recent-issues-finance-bien-commun-common-good\/","title":{"rendered":"Recent issues  &#8211; Finance &#038; Bien Commun \/ Common Good"},"content":{"rendered":"<h3>Finance &amp; Bien Commun \/ Common Good\u00a0N\u00b048&amp;49 \u2013<span style=\"color: #0000ff;\"> <a style=\"color: #0000ff;\" href=\"https:\/\/www.obsfin.ch\/fbc-n48-49\/\">Ethics &amp; Trust in Finance for a Sustainable Future &#8211; Global Prize, 8th Edition 2020 \/ 2021, Nominated Essays &#8211; <strong>The Virtuous Circle of Ethics and Sustainability<\/strong><\/a> <\/span>\u2013 2021<\/h3>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-3599 size-medium\" src=\"https:\/\/www.obsfin.ch\/wp-content\/uploads\/2021\/12\/Export-cover-REVUE-n48-49-Couv1-2-252x300.jpg\" alt=\"\" width=\"252\" height=\"300\" srcset=\"https:\/\/www.obsfin.ch\/wp-content\/uploads\/2021\/12\/Export-cover-REVUE-n48-49-Couv1-2-252x300.jpg 252w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2021\/12\/Export-cover-REVUE-n48-49-Couv1-2-860x1024.jpg 860w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2021\/12\/Export-cover-REVUE-n48-49-Couv1-2-768x914.jpg 768w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2021\/12\/Export-cover-REVUE-n48-49-Couv1-2-1290x1536.jpg 1290w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2021\/12\/Export-cover-REVUE-n48-49-Couv1-2-1720x2048.jpg 1720w, https:\/\/www.obsfin.ch\/wp-content\/uploads\/2021\/12\/Export-cover-REVUE-n48-49-Couv1-2-1x1.jpg 1w\" sizes=\"auto, (max-width: 252px) 100vw, 252px\" \/>[&#8230;] Regarding the long-term perspective, sustainability challenges many received financial activities which are \u2013 by nature \u2013 intertemporal. Indeed, one of the main jobs of finance consists of determining and pricing the value of time. Sustainability requires a change in weights \u2013 contradicting the well-established view \u2013 showing that neither discounting techniques nor discount rates are neutral. They all have an ethical dimension that needs to be debunked and properly understood. Some papers published here hint in this direction. We hope \u2013 in the next editions \u2013 to have more papers investigating from an ethical standpoint issues and problems where finance, accounting, insurance and actuary blend together sharing the same technical and conceptual tools.<br \/>\nThe twelve papers published here \u2013 all nominated, i.e. discussed at the final Jury meeting \u2013 address three wide groups of ethics related issues.<\/p>\n<ul style=\"list-style-type: disc;\">\n<li style=\"text-align: justify;\">The first group of four papers \u2013 out of them three winners \u2013 address ethical questions raised by sustainable finance. [&#8230;]<\/li>\n<li style=\"text-align: justify;\">The second group of papers relates to a classical \u2013 however still unsolved \u2013 problem of ethics in finance, namely the balance of power, risks and burdens in creditor\/debtor relationship. [&#8230;]<\/li>\n<li style=\"text-align: justify;\">The third group of papers deals with ethical questions that are embedded in broadly understood institutions. [&#8230;]<\/li>\n<\/ul>\n<h3><\/h3>\n<h3>Finance &amp; Bien Commun \/ Common Good\u00a0<strong>N\u00b046&amp;47<\/strong> \u2013 <a href=\"http:\/\/www.obsfin.ch\/fbc-n46-47\/\">Ethics &amp; Trust in Finance: Getting out of our silos \/ Sortir de nos silos \u2013 Nominated essays, 7th Edition 2018 \/ 2019<\/a> \u2013\u00a02019<\/h3>\n<p style=\"padding-left: 60px;\">[&#8230;] In this 7th edition three key subjects came up:<br \/>\n\u2022 The issue of the necessary but difficult dialogue and mutual understanding between, on one side, engineers \u2013 especially financial ones in charge of technical and digital developments or of new product design, and, on the other side, of financial\u00a0operators 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 \u201cget out of the silos\u201d, or in some cases \u201chelp others get out of their silos\u201d 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.<br \/>\n\u2022 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.<br \/>\n\u2022 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.\u00a0[&#8230;]<\/p>\n<p>&nbsp;<\/p>\n<h3>Finance &amp; Bien Commun \/ Common Good\u00a0<strong>N\u00b044&amp;45<\/strong>\u00a0\u2013 <a href=\"http:\/\/www.obsfin.ch\/activities\/journal-of-ethics-in-economics-and-finance\/recent-issues-finance-bien-commun-common-good\/finance-bien-commun-common-good-n44-45\/\">Ethics &amp; Trust in Finance: Opening the second decade \/ En route pour la deuxi\u00e8me d\u00e9cennie \u2013 Nominated essays, 6th edition 2016\/2017<\/a> \u2013\u00a02017<\/h3>\n<p style=\"padding-left: 60px;\">[&#8230;] In this 6th edition three different key subjects came up:<br \/>\n\u2022 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.<br \/>\n\u2022 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.<br \/>\n\u2022 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 \u2018nudging\u2019 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.\u00a0[&#8230;]<\/p>\n<p>&nbsp;<\/p>\n<h3>Finance &amp; Bien Commun \/ Common Good\u00a0<strong>N\u00b042&amp;43<\/strong> \u2013 Ethics in Finance, Sense of urgency \/ Le sens de l\u2019urgence \u2013\u00a0Nominated essays, The Robin Cosgrove Prize 2014\/2015 \u2013 2015<\/h3>\n<p>&nbsp;<\/p>\n<h3>Finance &amp; Bien Commun \/ Common Good\u00a0<strong>N\u00b040&amp;41<\/strong> \u2013 Ethics in Finance: What can we do? The views of the upcoming generation \u2013 Nominated essays, The Robin Cosgrove Prize 2012\/2013 \u2013\u00a02013<\/h3>\n<p>&nbsp;<\/p>\n<h3>Finance &amp; Bien Commun \/ Common Good\u00a0<strong>N\u00b039<\/strong> \u2013 Nominated Essays \u00ab Ethics in Finance \u2013 Robin Cosgrove Prize \u00bb \u2013 Edition 2010\/2011 \u2013 November 2011<\/h3>\n<p>&nbsp;<\/p>\n<h3>Finance &amp; Bien Commun \/ Common Good\u00a0<strong>N\u00b037\/38<\/strong> \u2013 Figures de la solidarit\u00e9: approches interdisciplinaires \u2013 October 2011<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Finance &amp; Bien Commun \/ Common Good\u00a0N\u00b048&amp;49 \u2013 Ethics &amp; Trust in Finance for a Sustainable Future &#8211; Global Prize, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":53,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/full-width.php","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-1316","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/pages\/1316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/comments?post=1316"}],"version-history":[{"count":21,"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/pages\/1316\/revisions"}],"predecessor-version":[{"id":3825,"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/pages\/1316\/revisions\/3825"}],"up":[{"embeddable":true,"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/pages\/53"}],"wp:attachment":[{"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/media?parent=1316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}