New Financial Ethics

In recent years, the financial sector has come to dominate the economy which puts substantial pressure on all the agencies involved, not least the banks, to make the profits which will drive economic growth. As a result of this pressure, moral conduct in the financial sector has been put under severe strain. The book offers a model for making judgements on financial markets, institutions and products. The model is built on seven major criteria which are examined in depth: justice, nature, sustainability, legality, risk, the stakeholder model and monism. This multidisciplinary approach integrates philosophy, economics and law to arrive at a new normative approach to financial ethics.