{"id":30799,"date":"2015-11-05T20:18:01","date_gmt":"2015-11-05T19:18:01","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=30799"},"modified":"2015-11-05T20:18:19","modified_gmt":"2015-11-05T19:18:19","slug":"30799","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/30799\/","title":{"rendered":"How to Keep Bankers Ethical?"},"content":{"rendered":"<p>Christine Lagarde has called for stronger individual accountability for law-breaking and misconduct in banks.<\/p>\n<p>The managing director of the International Monetary Fund criticised the assumption that fines are simply the &#8220;normal cost of doing business&#8221;,<\/p>\n<p>She noted that the brunt of corporate malfeasance has been born by bank balance sheets. &#8220;A rogue trader might think it&#8217;s ok, it&#8217;s in the books, provided for.&#8221;<\/p>\n<p>From the board to the trading floor, a culture of individual &#8220;virtue and integrity&#8221; is needed, pointing to the ethical oath Dutch bankers now take. \u00a0I swear within the boundaries of the position that I hold in the banking sector<\/p>\n<ul>\n<li>that I will perform my duties with integrity and care;<\/li>\n<li>that I will carefully balance all the interests involved in the enterprise, namely those of customers, shareholders, employees and the society in which the bank operates;<\/li>\n<li>that in this balancing, I will put the interests of the customer first;<\/li>\n<li>that I will behave in accordance with the laws, regulations and codes of conduct that apply to me;<\/li>\n<li>that I will keep the secrets entrusted to me;<\/li>\n<li>that \u00a0I will make no misuse of my banking knowledge;<\/li>\n<li>that I will be open and transparent, and am aware of my responsibility to society;<\/li>\n<li>that I will endeavor to maintain and promote confidence in the banking system.<\/li>\n<\/ul>\n<p>&#8220;We need a culture that holds individuals accountable,&#8221; she said, arguing that strong criminal and civil action must be taken to act as a deterrent.<\/p>\n<p style=\"text-align: center\"><img decoding=\"async\" src=\"http:\/\/jeffreyhill.typepad.com\/.a\/6a00d8341d417153ef0120a8344e34970b-800wi\" alt=\"Chris-Riddel-Observer-cartoon\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Christine Lagarde has called for stronger individual accountability for law-breaking and misconduct in banks. The managing director of the International Monetary Fund criticised the assumption that fines are simply the &#8220;normal cost of doing business&#8221;, She noted that the brunt &hellip; <a href=\"https:\/\/www.w-t-w.org\/en\/30799\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[70,22],"tags":[],"class_list":["post-30799","post","type-post","status-publish","format-standard","hentry","category-big-banks","category-corruption"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"Christine Lagarde has called for stronger individual accountability for law-breaking and misconduct in banks. The managing director of the International Monetary Fund criticised the assumption that fines are simply the &quot;normal cost of doing business&quot;, She noted that the brunt of corporate malfeasance has been born by bank balance sheets. &quot;A rogue trader might think\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Adela Rogers\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.w-t-w.org\/en\/30799\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.10\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"W-T-W.org - Women and Finance\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"How to Keep Bankers Ethical? - W-T-W.org\" \/>\n\t\t<meta property=\"og:description\" content=\"Christine Lagarde has called for stronger individual accountability for law-breaking and misconduct in banks. The managing director of the International Monetary Fund criticised the assumption that fines are simply the &quot;normal cost of doing business&quot;, She noted that the brunt of corporate malfeasance has been born by bank balance sheets. &quot;A rogue trader might think\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.w-t-w.org\/en\/30799\/\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2015-11-05T19:18:01+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2015-11-05T19:18:19+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"How to Keep Bankers Ethical? - W-T-W.org\" \/>\n\t\t<meta name=\"twitter:description\" content=\"Christine Lagarde has called for stronger individual accountability for law-breaking and misconduct in banks. The managing director of the International Monetary Fund criticised the assumption that fines are simply the &quot;normal cost of doing business&quot;, She noted that the brunt of corporate malfeasance has been born by bank balance sheets. &quot;A rogue trader might think\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BlogPosting\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/30799\\\/#blogposting\",\"name\":\"How to Keep Bankers Ethical? - W-T-W.org\",\"headline\":\"How to Keep Bankers Ethical?\",\"author\":{\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/author\\\/adelarogers\\\/#author\"},\"publisher\":{\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/#organization\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"http:\\\/\\\/jeffreyhill.typepad.com\\\/.a\\\/6a00d8341d417153ef0120a8344e34970b-800wi\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/30799\\\/#articleImage\"},\"datePublished\":\"2015-11-05T20:18:01+01:00\",\"dateModified\":\"2015-11-05T20:18:19+01:00\",\"inLanguage\":\"en-US\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/30799\\\/#webpage\"},\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/30799\\\/#webpage\"},\"articleSection\":\"Big Banks, Corruption\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/30799\\\/#breadcrumblist\",\"itemListElement\":[{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en#listItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.w-t-w.org\\\/en\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/home\\\/corruption\\\/#listItem\",\"name\":\"Corruption\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/home\\\/corruption\\\/#listItem\",\"position\":2,\"name\":\"Corruption\",\"item\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/home\\\/corruption\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/30799\\\/#listItem\",\"name\":\"How to Keep Bankers Ethical?\"},\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en#listItem\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/30799\\\/#listItem\",\"position\":3,\"name\":\"How to Keep Bankers Ethical?\",\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/home\\\/corruption\\\/#listItem\",\"name\":\"Corruption\"}}]},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/#organization\",\"name\":\"W-T-W.org\",\"description\":\"Women and Finance\",\"url\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/author\\\/adelarogers\\\/#author\",\"url\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/author\\\/adelarogers\\\/\",\"name\":\"Adela Rogers\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/30799\\\/#authorImage\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2ed2258ebc444ebd985f92509fea4f9954b5cba01bcaab47af90b5ea2fc8fc75?s=96&d=mm&r=g\",\"width\":96,\"height\":96,\"caption\":\"Adela Rogers\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/30799\\\/#webpage\",\"url\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/30799\\\/\",\"name\":\"How to Keep Bankers Ethical? - W-T-W.org\",\"description\":\"Christine Lagarde has called for stronger individual accountability for law-breaking and misconduct in banks. The managing director of the International Monetary Fund criticised the assumption that fines are simply the \\\"normal cost of doing business\\\", She noted that the brunt of corporate malfeasance has been born by bank balance sheets. \\\"A rogue trader might think\",\"inLanguage\":\"en-US\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/#website\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/30799\\\/#breadcrumblist\"},\"author\":{\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/author\\\/adelarogers\\\/#author\"},\"creator\":{\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/author\\\/adelarogers\\\/#author\"},\"datePublished\":\"2015-11-05T20:18:01+01:00\",\"dateModified\":\"2015-11-05T20:18:19+01:00\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/\",\"name\":\"W-T-W.org\",\"description\":\"Women and Finance\",\"inLanguage\":\"en-US\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.w-t-w.org\\\/en\\\/#organization\"}}]}\n\t\t<\/script>\n\t\t<!-- All in One SEO -->\n\n","aioseo_head_json":{"title":"How to Keep Bankers Ethical? - W-T-W.org","description":"Christine Lagarde has called for stronger individual accountability for law-breaking and misconduct in banks. The managing director of the International Monetary Fund criticised the assumption that fines are simply the \"normal cost of doing business\", She noted that the brunt of corporate malfeasance has been born by bank balance sheets. \"A rogue trader might think","canonical_url":"https:\/\/www.w-t-w.org\/en\/30799\/","robots":"max-image-preview:large","keywords":"","webmasterTools":{"miscellaneous":""},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BlogPosting","@id":"https:\/\/www.w-t-w.org\/en\/30799\/#blogposting","name":"How to Keep Bankers Ethical? - W-T-W.org","headline":"How to Keep Bankers Ethical?","author":{"@id":"https:\/\/www.w-t-w.org\/en\/author\/adelarogers\/#author"},"publisher":{"@id":"https:\/\/www.w-t-w.org\/en\/#organization"},"image":{"@type":"ImageObject","url":"http:\/\/jeffreyhill.typepad.com\/.a\/6a00d8341d417153ef0120a8344e34970b-800wi","@id":"https:\/\/www.w-t-w.org\/en\/30799\/#articleImage"},"datePublished":"2015-11-05T20:18:01+01:00","dateModified":"2015-11-05T20:18:19+01:00","inLanguage":"en-US","mainEntityOfPage":{"@id":"https:\/\/www.w-t-w.org\/en\/30799\/#webpage"},"isPartOf":{"@id":"https:\/\/www.w-t-w.org\/en\/30799\/#webpage"},"articleSection":"Big Banks, Corruption"},{"@type":"BreadcrumbList","@id":"https:\/\/www.w-t-w.org\/en\/30799\/#breadcrumblist","itemListElement":[{"@type":"ListItem","@id":"https:\/\/www.w-t-w.org\/en#listItem","position":1,"name":"Home","item":"https:\/\/www.w-t-w.org\/en","nextItem":{"@type":"ListItem","@id":"https:\/\/www.w-t-w.org\/en\/home\/corruption\/#listItem","name":"Corruption"}},{"@type":"ListItem","@id":"https:\/\/www.w-t-w.org\/en\/home\/corruption\/#listItem","position":2,"name":"Corruption","item":"https:\/\/www.w-t-w.org\/en\/home\/corruption\/","nextItem":{"@type":"ListItem","@id":"https:\/\/www.w-t-w.org\/en\/30799\/#listItem","name":"How to Keep Bankers Ethical?"},"previousItem":{"@type":"ListItem","@id":"https:\/\/www.w-t-w.org\/en#listItem","name":"Home"}},{"@type":"ListItem","@id":"https:\/\/www.w-t-w.org\/en\/30799\/#listItem","position":3,"name":"How to Keep Bankers Ethical?","previousItem":{"@type":"ListItem","@id":"https:\/\/www.w-t-w.org\/en\/home\/corruption\/#listItem","name":"Corruption"}}]},{"@type":"Organization","@id":"https:\/\/www.w-t-w.org\/en\/#organization","name":"W-T-W.org","description":"Women and Finance","url":"https:\/\/www.w-t-w.org\/en\/"},{"@type":"Person","@id":"https:\/\/www.w-t-w.org\/en\/author\/adelarogers\/#author","url":"https:\/\/www.w-t-w.org\/en\/author\/adelarogers\/","name":"Adela Rogers","image":{"@type":"ImageObject","@id":"https:\/\/www.w-t-w.org\/en\/30799\/#authorImage","url":"https:\/\/secure.gravatar.com\/avatar\/2ed2258ebc444ebd985f92509fea4f9954b5cba01bcaab47af90b5ea2fc8fc75?s=96&d=mm&r=g","width":96,"height":96,"caption":"Adela Rogers"}},{"@type":"WebPage","@id":"https:\/\/www.w-t-w.org\/en\/30799\/#webpage","url":"https:\/\/www.w-t-w.org\/en\/30799\/","name":"How to Keep Bankers Ethical? - W-T-W.org","description":"Christine Lagarde has called for stronger individual accountability for law-breaking and misconduct in banks. The managing director of the International Monetary Fund criticised the assumption that fines are simply the \"normal cost of doing business\", She noted that the brunt of corporate malfeasance has been born by bank balance sheets. \"A rogue trader might think","inLanguage":"en-US","isPartOf":{"@id":"https:\/\/www.w-t-w.org\/en\/#website"},"breadcrumb":{"@id":"https:\/\/www.w-t-w.org\/en\/30799\/#breadcrumblist"},"author":{"@id":"https:\/\/www.w-t-w.org\/en\/author\/adelarogers\/#author"},"creator":{"@id":"https:\/\/www.w-t-w.org\/en\/author\/adelarogers\/#author"},"datePublished":"2015-11-05T20:18:01+01:00","dateModified":"2015-11-05T20:18:19+01:00"},{"@type":"WebSite","@id":"https:\/\/www.w-t-w.org\/en\/#website","url":"https:\/\/www.w-t-w.org\/en\/","name":"W-T-W.org","description":"Women and Finance","inLanguage":"en-US","publisher":{"@id":"https:\/\/www.w-t-w.org\/en\/#organization"}}]},"og:locale":"en_US","og:site_name":"W-T-W.org - Women and Finance","og:type":"article","og:title":"How to Keep Bankers Ethical? - W-T-W.org","og:description":"Christine Lagarde has called for stronger individual accountability for law-breaking and misconduct in banks. The managing director of the International Monetary Fund criticised the assumption that fines are simply the &quot;normal cost of doing business&quot;, She noted that the brunt of corporate malfeasance has been born by bank balance sheets. &quot;A rogue trader might think","og:url":"https:\/\/www.w-t-w.org\/en\/30799\/","article:published_time":"2015-11-05T19:18:01+00:00","article:modified_time":"2015-11-05T19:18:19+00:00","twitter:card":"summary_large_image","twitter:title":"How to Keep Bankers Ethical? - W-T-W.org","twitter:description":"Christine Lagarde has called for stronger individual accountability for law-breaking and misconduct in banks. The managing director of the International Monetary Fund criticised the assumption that fines are simply the &quot;normal cost of doing business&quot;, She noted that the brunt of corporate malfeasance has been born by bank balance sheets. &quot;A rogue trader might think"},"aioseo_meta_data":{"post_id":"30799","title":null,"description":null,"keywords":null,"keyphrases":null,"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":null,"og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":null,"robots_max_videopreview":null,"robots_max_imagepreview":"large","priority":null,"frequency":null,"local_seo":null,"breadcrumb_settings":null,"limit_modified_date":false,"ai":null,"created":"2024-10-06 08:41:46","updated":"2025-07-14 01:58:02","seo_analyzer_scan_date":null},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/www.w-t-w.org\/en\" title=\"Home\">Home<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/www.w-t-w.org\/en\/home\/corruption\/\" title=\"Corruption\">Corruption<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\tHow to Keep Bankers Ethical?\n\t\t<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/www.w-t-w.org\/en"},{"label":"Corruption","link":"https:\/\/www.w-t-w.org\/en\/home\/corruption\/"},{"label":"How to Keep Bankers Ethical?","link":"https:\/\/www.w-t-w.org\/en\/30799\/"}],"_links":{"self":[{"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/posts\/30799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/comments?post=30799"}],"version-history":[{"count":2,"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/posts\/30799\/revisions"}],"predecessor-version":[{"id":30801,"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/posts\/30799\/revisions\/30801"}],"wp:attachment":[{"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/media?parent=30799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/categories?post=30799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.w-t-w.org\/en\/wp-json\/wp\/v2\/tags?post=30799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}