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Banking ethics: main conceptions and problems

Author

Listed:
  • Valentina Fetiniuc

    (International Institute of Management IMI-NOVA)

  • Ivan Luchian

    (International Institute of Management IMI-NOVA)

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.

Suggested Citation

  • Valentina Fetiniuc & Ivan Luchian, 2014. "Banking ethics: main conceptions and problems," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 14(1), pages 91-102.
    • Handle: RePEc:pet:annals:v:14:y:2014:i:1:p:91-102
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    References listed on IDEAS

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    1. Alexandra Eremia & Ion Stancu, 2006. "Banking Activity for Sustainable Development," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 6(6(501)), pages 23-32, August.
    2. Dobran , Ruxandra Diana, 2009. "Reclamaţiile Clienţilor - Sursă De Ameliorare A Calităţii Produselor Şi Serviciilor Bancare," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 13(3), pages 91-96.
    3. Kevin Dowd, 2009. "Moral Hazard and the Financial Crisis," Cato Journal, Cato Journal, Cato Institute, vol. 29(1), pages 141-166, Winter.
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    Cited by:

    1. Anna Lašáková & Anna Remišová & Ľubica Bajzíková, 2021. "Differences in Occurrence of Unethical Business Practices in a Post-Transitional Country in the CEE Region: The Case of Slovakia," Sustainability, MDPI, vol. 13(6), pages 1-33, March.
    2. Ana Rita S. C. Azevedo & Fernando A. F. Ferreira, 2019. "Analyzing the dynamics behind ethical banking practices using fuzzy cognitive mapping," Operational Research, Springer, vol. 19(3), pages 679-700, September.

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    More about this item

    Keywords

    bank; ethics; moral; behavior; concept; principle; code of ethics;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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