Analyze the banking industry from a global and ethical postu

Analyze the banking industry from a global and ethical posture. Be sure to be specific as to which ethical posture you are taking. See this website for information on ethical postures. http://www.philosophybasics.com/branch_ethics.html

Solution

Analyze the banking industry from a global and ethical posture.

Banks try to perform a wide range of financial services to the best of their ability. Failure to abide by the norms of ethics and, in some cases, lack of business transparency was among the reasons that caused the global financial crisis, which has led to banking difficulties for some countries. Matters pertaining to business ethics have been addressed in detail by domestic and foreign business people. While providing its services, the bank considers the client’s interests to the best of its abilities, based on the acceptable risks. Loans make up the biggest part of the services of a bank. Accepting and managing credit risks is the cornerstone of a bank’s operations. Every bank must elaborate an efficient credit risk management system that integrates a credit risk management strategy, a lending policy and a system of credit risk limits.

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