Case Studies

The Institute welcomes readers to contribute to its online library of Financial Ethics Case Studies (FECS). The cases should be financial in scope and contain ethical issues. These issues should then be discussed and analyzed using one or more rigorous frameworks of Moral Philosophy. Remedies or policy recommendations are encouraged.  Please send case studies to:


  1. Ethics Analysis: Trump’s Conflicts of Interest
  2. Ethics of US Student Loan Debt
  3. Trade Adjustment Assistance and Game Theory
  4. Universal Basic Income: Empirical Studies
  5. Ethics of Universal Basic Income
  6. The Ethics of Tax Breaks on Bank Fines
  7. The Transparency Task Force
  8. 2008 Financial Crisis
  9. Review: The Big Short
  10. Mitigating TBTF: The Australian Four Pillars Policy
  11. The Ethics of China’s Land Expropriation Rules and Reforms
  12. Necessity and The Minimum Wage
  13. Financing America’s Public Schools Ethically
  14. The Alchemy of the G-30 Report on Banking Conduct and Culture
  15. Has Bank Culture Changed to Ensure Ethical Behavior?
  16. More on the Ethics of Bitcoin
  17. Tax Systems: A Brief Ethical Discourse
  18. The Case of Goldman Sachs and 1MDB
  19. The Ethics of Bitcoin
  20. Ethical Issues of the Puerto Rico Debt Crisis
  21. Forex Scandal: The Ethics of Exchange Rate Manipulation
  22. Codes of Ethics for Financial Institutions
  23. Income Inequality Series
  24. Insider Trading Cases
  25. Taxation Cases
  26. India Series
  27. Asian Cases
  28. Global Financial Leaders Insist on the Necessity of Financial Ethics
  29. JPMorgan: Code of Ethics and Revisions Since the 2008 Financial Crisis
  30. Trans-Pacific Partnership: Common Good or Corporate Good?
  31. China and Corruption: The Case of GlaxoSmithKline
  32. Greek Debt Crisis: The EU Should Learn from UAE
  33. The Ethics of Executive Compensation: A Matter of Duty
  34. The Ethics of Swiss National Bank’s Currency Intervention
  35. Credit Default Swaps: An Update
  36. The Fall of Anglo Irish Bank
  37. Corporate Fraud in India: Case Studies of Sahara and Saradha
  38. Corporate Disasters in India: Bhopal, Uphaar and AMRI Hospital
  39. An Ethical Analysis of the 2014 FIFA World Cup in Brazil
  40. Cross Border Securities Enforcement: The Case of Tiger Asia Management, LLC
  41. The Vatican Bank: Conforming to Caritas in Veritate?
  42. Policy and Poverty: US, UK and China
  43. Cheung Kong and the Apex Horizon Hotel
  44. Chinese Investments in Africa: The Ethics of Transparency
  45. The Bangladeshi Factory Collapse: A Case for Intervention and Policy Change
  46. The LIBOR Scandal and Reform Agenda: Can We Trust These Rates Again?
  47. What Should We Charge the Poor: Ethics in Microfinance
  48. Shining a Light on Dark Pools
  49. The EU Financial Transaction Tax Debate
  50. HSBC Money Laundering Case: “Too Big to Fail” does not mean “Too Big to Jail”
  51. Quantitative Easing and Income Inequality
  52. Bank of America’s Takeover of Merrill Lynch
  53. Insider Trading in Japan: The Nomura Case
  54. Private Equity Funds: Christian Ethics and Leveraged Buyout Funding
  55. The FSA vs. David Einhorn: A Case of Regulatory Overreach?
  56. Nationalization: Argentina vs. Spain, The YPF Repsol Case
  57. Jon Corzine and MF Global
  58. Dimon and the Whale
  59. The Ethics of Taxation Trilogy: Part I – An Ethical Analysis of Inheritance Tax
  60. The Ethics of Taxation Trilogy: Part II – The Buffett Rule: The Ethics of a Millionaire’s Tax
  61. The Ethics of Taxation Trilogy: Part III – Carried Interest and Taxing Private Equity
  62. Taiwan’s Asset Management Corporations
  63. Insider Trading: What Would Rawls Do?
  64. The Dearth of Ethics and the Death of Lehman Brothers
  65. Financing, Ethics, and the Brazilian Olympics
  66. Islamic Finance
  67. Taiwan’s Credit Card Crisis
  68. The Accumulation of Greek Debt
  69. Goldman Sachs and the ABACUS deal
  70. High Frequency Trading
  71. Hedge Funds
  72. Disclosure: The Bernie Madoff Case
  73. Mark Cuban and Insider Trading
  74. IndyMac and the Office of Thrift Supervision
  75. Lehman Brothers and Repo Accounting
  76. Municipal Reinvestment Case
  77. Raj Rajaratnam and Insider Trading