Compliance as a safeguard of ethical and image standards in banks
Compliance as a safeguard of ethical and image standards in banks
Author(s): Sylwia Górna-ŁunkiewiczSubject(s): Economy, Financial Markets, Business Ethics
Published by: Polskie Towarzystwo Ekonomiczne w Zielonej Górze
Keywords: compliance risk; compliance department; compliance; ethical standards in banks; bank image; misselling; whistle blowing
Summary/Abstract: The main purpose of this article is to present compliance risk and its place in the banking sector. The intensification of internal controls in banks, caused by the growing number of regulations, provided the premise for writing this paper, which is divided into five chapters. Chapter 1 includes basic information about the theory of compliance. Chapter 2 defines the essence of ethical standards in the banking sector. Chapter 3 describes the role of a compliance specialist, including risks associated with this job. Chapter 4focuses on the contemporary trends of ethical operations in the financial industry in the context of banks. Chapter 5 contains an overview of the considerations, providing a synthetic summary of the issues raised throughout the article.
Journal: Zeszyty Naukowe Polskiego Towarzystwa Ekonomicznego w Zielonej Górze
- Issue Year: 5/2018
- Issue No: 9_EN
- Page Range: 59-70
- Page Count: 12
- Language: English