FIN 311: Articles

Do prohibitions against insider trading hamper economic efficiency or promote fairness? Financial market regulations are the outcome of a continuous tug-of-war between concern economic efficiency and concern for fairness.

Business schools have become implicated in the widespread demonisation of the financial classes. By educating those held most responsible for the crisis - financial traders and speculators - they are said to have produced ruthlessly talented graduates who have ambition in abundance but little sense for social responsibility or ethics.

The article discusses the need of ethical expertise in the financial market. It discusses reasons behind the crisis from an ethical perspective. According to the article, financial markets are interconnected in complex and manifold ways. Also discussed are the morality of institutions, the responsibility of shareholders, and the consequence of the complexity of financial markets and modern financial products.

In this article, we discuss the lessons from the policy debates and recent legislation to develop an account of the ethics of the CRA industry