Banking ethics and ethical banking. Two different and possible realities
The financial sector, and banking in particular, is especially sensitive to the application of business ethics. On the one hand, because its role as a strategic sector of the economy is a key and determining factor and, on the other, because during recent years, and especially since the financial crisis of 2008, it has been the protagonist of numerous scandals and bad practices. The adoption of ethical behavior is fundamental in the operation of banks, since these organizations manage a very sensitive asset that is owned by their customers — money. Sota much sota, that not only speaks of banking ethics, but even the existence of ethical banks; two aspects that are different. The purpose of this paper is to analyze the characteristics that define ethical banking and what aspects differentiate it from banking ethics.
ODS
Joan Ramon Sanchis-PalacioBusiness Organisation Professor at the University of Valencia and PhD in Business Economics (Extraordinary Doctorate Award). Director of the Chair of the Economy for the Common Good of the University of Valencia. Author of numerous scientific articles on social economy, cooperativism and banking, and books such as ¿Es posible un mundo sin bancos? La revolución de las finanzas éticas y solidarias published by El Viejo Topo and La banca que necesitamos. De la crisis financiera a la banca ética: una alternativa socialmente responsable, published by Publicacions de la Universitat de València. Co-author of books such as Caixa Popular: un modelo de banca cooperativa social y alternativa and El modelo Consum: una cooperativa responsable y sostenible published by Vincle Editorial.
