International Investment Management


International Investment Management

Seven Pillars Institute is pleased to announce the publication of International Investment Management: Theory, Ethics and Practice, the newly released book from Routledge authored by Dr. Kara Tan Bhala (President of Seven Pillars Institute), Warren Yeh and Raj Bhala. 

A quick take on the book:

International Investment Management synthesizes investment principles, Asian financial practice, and ethics reflecting the realities of modern international finance. These topics are studied within the Asian context, first through the


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Ethics of Universal Basic Income



By: Victoria Tse

Part 1 of SPI’s Universal Basic Income Series

What is a Universal Basic Income (UBI)?

A basic income is a universal income grant available to every citizen without means test or work requirement. How much money governments should issue to their people is still a topic of discussion within countries looking to launch UBI experiments. Switzerland was the first to hold a public referendum introducing the UBI with the Federal Council approving a ballot issuing adults $2,500 and children $625 a


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Ethics of Tax Breaks on Bank Fines

tax break on bank fines

By Kara Tan Bhala

Banks Are Able to Write Off Fines and Settlements as Tax Deductions

Ostensibly, US government authorities extracted $160 billion from offending banks in fines and legal settlements since the Great Financial Crisis (GFC). This amount is minute compared to the losses incurred by the overall economy. The Dallas Federal Reserve estimates an output loss of $6 trillion to $14 trillion as a result of the crisis. This amounts to $50,000 to $120,000 for every U.S. household, or the equivalent of 40


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New: The Business of Ethics

The Business of Ethics

Newly Published: The Business of Ethics

Dr. Kara Tan Bhala, President of Seven Pillars Institute, contributed a chapter to this handy, engaging and readily accessible volume. The Business of Ethics is a fresh addition to the stable of books on business ethics. Dr. Raymond Madden, CEO at the Asian Institute of Finance (AIF), is the book’s editor and the publisher is IBFIM in collaboration with AIF. Both organizations are based in Kuala Lumpur, Malaysia. The AIF


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International Investment Management: Theory, Ethics and Practice

International Investment Management book cover imageRead the new and original book lead authored by Seven Pillars Institute’s President, Dr. Kara Tan Bhala. The book uniquely synthesizes three theories of finance and gives a lucid explanation of ethics and its real world application in investment management.

Read Preface | Order Book

Moral Cents

Financial EthicsMoral Cents is The Journal of Ethics in Finance, produced on a regular basis by the Seven Pillars Institute for Global Finance and Ethics. See the latest issues and read them in full.

Seven Pillars Institute for Global Finance and Ethics (SPI) and the Centre for Commercial Law Studies (CCLS) at Queen Mary University of London have a collaborative affiliation in their work on ethics, law, and regulation in finance. The goal of the collaboration is to foster a dialogue on important ethical policy issues affecting the financial services industry.

Read the Collaboration Announcement

Seven Pillars Institute for Global Finance and Ethics and IntegTree LLC have a collaborative affiliation. The two organizations plan to create online training programs in financial ethics and compliance management. The Programs will help financial institutions improve conformity with the law while also fostering ethical awareness.

Read the collaboration announcement.