Case Study: Iceland’s Banking Crisis
June 13th, 2017By: Anh Nguyen
Introduction
Iceland’s financial collapse in 2008 was the biggest any country had ever suffered ...
Our Mission: To highlight and analyze issues of moral philosophy in global financial markets with a view to enhancing ethical practice and policy.
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Impact Investments: Good Profits?
May 26th, 2017
By: Genevieve Crawford
Investors with high ethical standards can be constrained by the corporation’s duty to ...
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Books
International Investment Management
Read the new and original book lead authored by Seven Pillars Institute's President, Dr. Kara Tan Bhala. The book synthesizes three theories of finance and gives a lucid explanation of ethics and its real world application in investment management.
The Business of Ethics
Dr. Kara Tan Bhala, President of Seven Pillars Institute, contributed a chapter to this handy, engaging and readily accessible volume. Contributors to the book span the academy, financial services and industry. They include Nobel Laureate Professor Muhammad Yunus, the founder of Grameen Bank and originator of social business and microcredit, Charles Hamden-Turner the creator of Dilemma Theory and Emmanuel Lulin, Chief Ethics Officer of L’Oreal.
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The Prospect Think Tank Awards 2016 shortlisted and cited the research of Seven Pillars Institute (SPI) on climate change mitigation, praising its “deft work on eco-tourism”. The Awards are an annual recognition of the influential work carried out by think tanks across the globe. Read More.
Argentina vs. the Hedge Funds: The 2014 Argentinian Bond Default
Paul Singer and President Kirshner
By Andreas Kanaris Miyashiro
On July 31st 2014, Argentina automatically defaulted on $29 billion of debt following a lengthy court case in which hedge fund bondholders sued the Argentinian government. The President of Argentina at the time, Cristina Fernandez de Kirchner, argued bondholders involved in the lawsuit were predatory and exploitative. The plaintiff hedge funds argued they only aimed to uphold the ‘rule of law’. Which party was to blame for the Argentinian bond default?
Causes of the 2014
...Tags: hedge funds, sovereign debt crises
Posted in Case Studies
Crash Interventions: Shanghai Stock Market Case
By Harley Comrie
On the 2nd of July 2015 in the middle of a crowded Shanghai shopping mall a woman jumped to her death. Her public suicide was reported by bloggers as a human consequence of the Shanghai stock market crash three weeks earlier. Photos of her fate were circulated through WeChat, a popular Chinese social media app. Days earlier in Shenyang another suicide had occurred under similar circumstances. Foreign media reported it too was motivated
...Tags: 2008 financial crisis, Asian cases, economic freedom
Posted in Case Studies
Case Study: Banca Monte dei Paschi di Siena
By: Nicola Bilotta
Between the beautiful hills of Tuscany stands Siena. Siena is a magical medieval city, which attracts tourists for its history and its monuments. But Siena hides many secrets. The destiny of the city has always been bound to Banca Monte dei Paschi di Siena (MPS) which is currently facing a significant crisis and is close to bankruptcy. The future of MPS is unclear, and plans for private recapitalization have failed. In December 2016, the Italian government approved a public fund of 20 billion euros to infuse
...Tags: 2008 financial crisis, Banking ethics
Posted in Case Studies
International Investment Management: Theory, Ethics and Practice
Read 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.
Moral Cents
Moral 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.