Banking and Finance Trade Body Launches New Industry Ethics Guide

Banking and Finance trade body UK Finance has launched a new online guide to business ethics for firms and senior leaders.

‘Ethics in Banking and Finance’ has been published in partnership with law firm Linklaters and provides key references points for governance, strategy and decision-making informed by ethical business principles.

As UK Finance explains:

“The importance of ensuring firms act ethically in the way they conduct business to the benefit of customers and staff has become an increasingly key topic, not least within the banking and finance industry.

“Navigating the ever-expanding landscape of rules, guidance, industry papers, speeches, supervisory practice and lessons learnt from enforcement notices is a complex task, but one that must be undertaken in order for firms to operate their businesses responsibly and successfully.

“[The guide] brings together key sources and reference documents, as well as profiling approaches that when taken together can be said to provide a broad framework for what constitutes ethics in banking.

As a reference resource on workplace culture, conduct and ethics it utilises a variety of sources including speeches from leading figures from the Financial Conduct Authority and research from the Institute of Business Ethics.

The guide is available to download as an interactive PDF from UK Finance or to view in sections on the the Linklaters website.

According to the UK Finance blog “it should take no more than an afternoon to read the guide from start to finish.”

If you’re interested, download the ‘Ethics in Banking and Finance’ guide from both the UK Finance website and the Linklaters website.

As a UK Finance member we’ve got our copy ready and waiting to read. So, why not boil the kettle, sit down with a brew and join us.

UK Finance is the collective voice for the banking and finance industry. Representing more than 250 firms across the industry, it acts to enhance competitiveness, support customers and facilitate innovation.

A subsidiary of Skipton Building Society, Skipton Business Finance is a leading independent factoring and invoice discounting provider, offering a range of working capital solutions for businesses with annual sales ranging from new-start to £30m.