Ethics and Finance: The Unresolved Puzzle

Carè, Rosella

doi:10.1007/978-3-319-73389-0_2

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The Consequences1

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2021

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“…It is, therefore, essential to observe the proper standards of ethics. Reputational risks and loss of trust from the clients is a significant concern for most investment groups (Care, 2018). The first main impact on the organization is the loss of credibility to investors and clients.…”

Section: The Consequencesmentioning

confidence: 99%

Ethics Erosion in Capital Market: Lehman Brothers’ Case Study of Repo 105

Kumar¹,

Baag²

2021

Management Challenges in the Post Covid-19 Era

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This paper synthesizes the details of the whole accounting misdeed using Repo-105 as an instrument in the Lehman Brothers' case. Roles and responsibilities of internal staffs and vendors have been discussed to access on a high level responsibility and the ownership assessment of this financial fiasco. The paper discusses in detail the notion of Business ethics in the context of financial intermediary using the concept of "Deontological Ethics" as a premise with a relevance to capital market and cost of reputation. The paper suggests improving the management culture and the independence of external bodies in these firms.

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Section: The Consequencesmentioning

confidence: 99%