Podcast
Questions and Answers
What is a potential benefit of practicing good business ethics according to the text?
What is a potential benefit of practicing good business ethics according to the text?
- Enhance business efficiency, productivity and profits
- Improve customer satisfaction
- Boost stock price (correct)
- Promote short term profit
Which ethical theory is associated with behavior where an individual only thinks of their own interest and ignores the impact on others?
Which ethical theory is associated with behavior where an individual only thinks of their own interest and ignores the impact on others?
- Deontology
- Virtue
- Utilitarian
- Egoism (correct)
According to the 'Bank of Integrity' Guide by the ICAC, which staff behavior might NOT warrant closer observation for integrity issues?
According to the 'Bank of Integrity' Guide by the ICAC, which staff behavior might NOT warrant closer observation for integrity issues?
- A staff member has an overly close personal relationship with certain customers
- A staff member asks for promotion frequently (correct)
- A staff member has a sudden change of spending habits incommensurate with their income from the bank
- A staff member shows signs of financial distress
Which statement about conflict of interest under the Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission in Hong Kong is FALSE?
Which statement about conflict of interest under the Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission in Hong Kong is FALSE?
What are the key takeaways from the bank run events mentioned in the text?
What are the key takeaways from the bank run events mentioned in the text?
Which of the following is NOT mentioned as an aspect of ethical standards at the organizational level in business decisions?
Which of the following is NOT mentioned as an aspect of ethical standards at the organizational level in business decisions?
What do the Equator Principles focus on in relation to banks involved in project finance?
What do the Equator Principles focus on in relation to banks involved in project finance?
How does institutionalizing business ethics contribute to the reputation of banks?
How does institutionalizing business ethics contribute to the reputation of banks?
What is the role of the HKMA in relation to bank reputation?
What is the role of the HKMA in relation to bank reputation?
What is the purpose of the OECD Guidelines for Multinational Enterprises?
What is the purpose of the OECD Guidelines for Multinational Enterprises?
What is the purpose of Phase II in the Green Finance Initiatives from the HKMA?
What is the purpose of Phase II in the Green Finance Initiatives from the HKMA?
What is the focus of Phase III in the Green Finance Initiatives from the HKMA?
What is the focus of Phase III in the Green Finance Initiatives from the HKMA?
What does the Supervisory Policy Manual RR-1 provide guidance on?
What does the Supervisory Policy Manual RR-1 provide guidance on?
Which factor plays a key role in determining an Authorized Institution's sustainable future for its business?
Which factor plays a key role in determining an Authorized Institution's sustainable future for its business?
What aspect of banks' progress does Phase III of the Green Finance Initiatives focus on?
What aspect of banks' progress does Phase III of the Green Finance Initiatives focus on?
Why is it crucial to acknowledge reputation in an Authorized Institution's business sustainability?
Why is it crucial to acknowledge reputation in an Authorized Institution's business sustainability?
What is a key aspect encountered by individuals or corporations in the second line of defence within the banking industry?
What is a key aspect encountered by individuals or corporations in the second line of defence within the banking industry?
Which of the following is NOT a part of the intended learning outcomes related to the second line of defence in the context of a broader risk environment?
Which of the following is NOT a part of the intended learning outcomes related to the second line of defence in the context of a broader risk environment?
In the context of building an effective risk management framework, what is a critical area to focus on?
In the context of building an effective risk management framework, what is a critical area to focus on?
What should individuals in the second line of defence aim to do regarding business ethical situations?
What should individuals in the second line of defence aim to do regarding business ethical situations?
What is one way to demonstrate an understanding of corporate governance requirements?
What is one way to demonstrate an understanding of corporate governance requirements?
Which area should individuals focus on to build a culture for effective management of governance, risk, and compliance in financial institutions?
Which area should individuals focus on to build a culture for effective management of governance, risk, and compliance in financial institutions?
Which of the following is NOT listed as one of the 8 categories of inherent risks in banks by HKMA?
Which of the following is NOT listed as one of the 8 categories of inherent risks in banks by HKMA?
What is a key element that a sound risk management environment should include according to the text?
What is a key element that a sound risk management environment should include according to the text?
What are some factors that banks need to assess in order to properly manage risk according to the text?
What are some factors that banks need to assess in order to properly manage risk according to the text?
Which of the following is a key aspect that banks should have embedded in their culture according to the text?
Which of the following is a key aspect that banks should have embedded in their culture according to the text?
What is the name of the book referenced in Chapter 3.6 for Risk Management in Banking?
What is the name of the book referenced in Chapter 3.6 for Risk Management in Banking?
Which of the following is NOT part of a well-established internal control according to the text?
Which of the following is NOT part of a well-established internal control according to the text?
