Episode 4: Ethical Theories is out now!
December 19th, 2014
Episode 4: Ethical Theories
The fourth episode of the financial ethics training series produced by Seven ...
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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The Fall of Anglo Irish Bank
December 11th, 2014
By: Will Chu
In 1986, Sean FitzPatrick became chief executive of a small Irish commercial lender ...
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The Causes of Economic Inequality
The first in SPI’s series on Inequality
By: May Leung
Difference in income plays a role
One important factor contributing to different levels of wealth is people are paid different wages. There are several reasons why some people are paid millions while some merely earn minimum wage.
(i) Wages are determined by labor market
Wages are a function of the market price of skills required for a job . In a free market, the “market price of a skill” is determined by market demand and market supply. The market price of a skill, and
...Tags: causes of inequality, economic inequality
Posted in Case Studies
Profit and Ethics in Short Selling: The Case of Muddy Waters
By: Winky T. Yang
As a short selling research firm, Muddy Waters (MW) earned its reputation by successfully revealing several fraudulent Chinese firms listed in the US. MW’s combination of short selling and equity research is a clever business model, necessary to satisfy the market’s need for research analysts/firms independent of sell-side companies. This article analyzes the profit and ethics of short selling by examining the roles of research analysts and short sellers. It concludes that each MW research report should be considered individually to determine the integrity of the research and therefore,
...Tags: chinese companies, ethics of short selling, Muddy Waters
Posted in Case Studies
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. Click HERE to 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.
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.