Ethics in Investment Banking

Foreword Introduction: Learning from Failure? Ethics in Investment Banking: Background and Context The Framework for Understanding Ethics in Investment Banking Religion and Investment Banking Ethics The Two Opposing Views of Investment Banking Ethics: Rights Vs. Duties Recent Ethical Issues in Investment Banking Clients and Ethics Internal Ethical Issues A New Code of Ethics for Investment Banking

John N. Reynolds and With Edmund Newell

'Reynolds and Newell have produced a well-informed assessment of the multiple ethical issues that investment bankers must confront. With an insider's view of the industry as well as expertise in applied ethics, they focus on the critical differences between compliance and ethics. The result is a no-nonsense book full of practical and workable solutions to ethical problems. Ethics in Investment Banking could not be more timely, making it very clear that there is no excuse for the absence of a strong ethical foundation to investment banking.' - Lord Myners 'Whether banks, including especially investment banks, lost their moral and ethical compass, as well as vast amounts of shareholders' capital, is a fair question to ask in the wake of the financial crisis. What is clear is that sustainable returns in banking can only be achieved if banks act fairly and responsibly to their key stakeholders. This book makes an important contribution to considering this question.' - Sir Philip Hampton, Chairman, RBS 'This book needed to be written...gives an insight into what it feels like to be immersed in the complicated end of banking. Even the controversial views are informed ones. Read this book and be grateful for those who wrestle with what it means to be salt and light rather than enjoy the moral purity of the spectator.' - John Ellis, Faith in Business Quarterly