Report

A Question of Ethics: Navigating Ethical Failure in the Banking and Financial Services Industry

M Wheeler, R Wood, V Sojo Monzon, M McGrath

Chartered Accountants Australia and New Zealand | Published : 2016

Abstract

Since the global financial crisis (GFC), financial institutions and practitioners in Australia, New Zealand and Asia have come under scrutiny for a range of ethical transgressions leading to industry scandal, as have their more well-known counterparts in the United States and United Kingdom. Some scandals were caused by people who – driven by greed and the demands of a complex, fast-paced industry – chose to behave unethically. However, evidence from social psychology points to an alternative explanation: a good deal of unethical behaviour is also unconscious. In A Question of Ethics, we draw on themes and findings from various industry scandals to examine contributing factors at the structu..

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