what are the needs of ethics in the feilds of finance market, financial service
ID: 2780561 • Letter: W
Question
what are the needs of ethics in the feilds of finance market, financial service areas and financial people organizations. in 600 words what are the needs of ethics in the feilds of finance market, financial service areas and financial people organizations. in 600 words what are the needs of ethics in the feilds of finance market, financial service areas and financial people organizations. in 600 words what are the needs of ethics in the feilds of finance market, financial service areas and financial people organizations. in 600 wordsExplanation / Answer
Needs of ethics in financial market, service industry and people in organisation.
Despite the diversity of role and activities, there are three major areas where there is a need of ethics are as follows :
Need of ethics in finance market :
In financial market there are some barrier which includes unequal information, bargaining power and resources .Finally market transactions between two parties often have third-party effects.These are the few things which effect ethics in financial market.
Needs of ethics in financial service industry
This financial service industry will affect most people directly. This industry has a duty to develop the product according to pepole's need and market them in correct manner. but this kind of financial service industry normally deals with client and try to gain clients confidence on them and finally do the duties which will satisfy their clients and not to people's . Their main aim is to stay competitive wuth others.
Need of ethics for financial people in organisation
Huge number of people in finance are employee of an organisation. This include person who approve some project which should not be approved, They approve in order to gain money in the term of bribe. Most of the unethical activities like giving wrong report and wrong data to the company in order to get more money start from here which pushes whole financial market and financial service industry down because all most in all organisation there are lot a number of people who are held in finance roles and activities.
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