By John Hendry
Despite the best efforts of all concerned, the financial sector continues to have a bad reputation for illegal and unethical behaviour and to be more prone to ethical lapses than other business sectors. John Hendry explores why this should be, and what might be done about it in practice.
The International Monetary Fund (IMF) will decide this month whether to make the Chinese Renminbi the fifth international reserve currency. For the Euro, that would not be a win or lose game.
America Law History Europe A Time for European Diplomacy to Come of Age: Responding to the Refugee Crisis China China’s Product Safety Problem: How Should Marketing Managers Make Ethical Decisions in China? Sustainability Finance Management Fads and Fashions in Management
Global Economy
Making Renminbi a World Currency would not be Bad for Euro
Dan Steinbock
Where Have All the American Banks Gone?
Robert E. Wright and Richard Sylla
Recognition of Arbitral Awards in the US –
Putting a Recent Circuit Split in Perspective
Charles Camp and Theresa Bowman
Refugees and Refugee Crises:
Some Historical Reflections
Peter Gatrell
Germany: Epicentre of the
EU Migration Crisis
Asli Ilgit and Audie Klotz
Susi DennisonAsia Pacific
APEC 2015: Change is in the Air
Dan Steinbock
China’s Key Cities: From Local Places to Global Players
Xiangming Chen
Bang Nguyen and David De Cremer
Brief Considerations on Sustainability and Justice
François Mancebo
Ethics in Finance: Why is it such a problem?
John Hendry
The Open Organization: Igniting Passion and Performance
Jim Whitehurst
Adrian Furnham
The recent Washington summit took the US-China bilateral relations onto a new level, while President Xi’s UN visit gave a glimpse of China’s new global role.
By Joe Studwell
“Demonstrating that an exchange economy is coherent and stable does not demonstrate that the same is true of an economy with capitalist financial institutions … Indeed, central banking and other financial control devices arose as a response to the embarrassing incoherence of financial markets.” 1 – Hyman P. Minsky, Stabilizing an Unstable Economy
1. In your opinion, what is the chance of the RMB to join the SDR basket this year? Has it met all the criteria? What is the biggest barrier preventing it from joining?
By Mark Esposito and Terence Tse
In the past two decades, the number of performance indices has proliferated substantially. There are good reasons why performance indices have blossomed: they catch attention and they make information easily understandable. In this article, Terence Tse and Mark Esposito discuss the abilities of indices and glean insights into how they work by highlighting their strengths and weaknesses.
By John Mellor
Responses from regulators to the failures in bank governance and standards of conduct revealed by the crisis of 2007-2008 will fall short of what is needed to restore credibility and trust in financial services. Besides regulation, a change in bank culture that embeds appropriate values and behaviours is needed. But what does this mean in practice? Research on governance and culture of banks, underway at the University of Leicester, has already identified the several key influences that bear on the “soft” issues, and which will require serious consideration by bank leaders of today and those who will assume governance responsibilities in the future.
