Banking ethics: main conceptions and problems

Valentina Fetiniuc () and Ivan Luchian ()
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Valentina Fetiniuc: International Institute of Management IMI-NOVA
Ivan Luchian: International Institute of Management IMI-NOVA

Annals of the University of Petrosani, Economics, 2014, vol. 14, issue 1, 91-102

Abstract: Banking ethics is a specialized set of ethical standards and rules that should be followed in the activities of financial institutions and employees of the banking sector. But despite the simplicity of the definition, in the modern world, this concept becomes complex and ambiguous. The importance of studying this subject is defined by the fact that the ethical behavior of the bank and bank employees promotes banking. At present there are several conceptions of banking ethics: general ethics, regulated ethics and ethical bank. The most common practice is to regulate internal and external relations of banks and bank workers with ethical codes. At the same time, studies show the existence of problems in the banking standards of ethics, which negatively affects the financial institution. This article is intended to reflect main tendencies and problems of banking ethics at international level and experience of Republic of Moldova in this field.

Keywords: bank; ethics; moral; behavior; concept; principle; code of ethics (search for similar items in EconPapers)
JEL-codes: E58 F33 F65 G21 G28 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (2)

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