A Matter of Trust

The Practice of Ethics in Finance

Paul Kofman, Clare Payne
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A Matter of Trust

Subjects

Finance

Published

12 December 2017

ISBN

9780522871715

Ebook File Size

129.8MB

Subjects

Finance

Imprint

Melbourne University Press

A Matter of Trust

The Practice of Ethics in Finance

Paul Kofman, Clare Payne
Proposes a framework for making business decisions in a morally sound and ethical way.
From the marble trading floors of Wall Street to the dirt floor of a microfinance lender in rural Sumatra, finance touches everybody's lives. From small personal loans to collateralised debt obligations, it promises solutions for a better, more prosperous future. But not much in life is guaranteed, and financial outcomes may not match consumer expectations. When trust between practitioners and their clients is undermined it threatens the very fabric of our financial system. The result can be personal disappointment, but the financial crisis of 2007-08 highlighted how we can all be affected when economies are jeopardised by financial mismanagement.

A Matter of Trust explores how the finance sector can stand as a true profession and provides a practical guide to make everyday business decisions in an ethically sound way.
From the marble trading floors of Wall Street to the dirt floor of a microfinance lender in rural Sumatra, finance touches everybody's lives. From small personal loans to collateralised debt obligations, it promises solutions for a better, more prosperous future. But not much in life is guaranteed, and financial outcomes may not match consumer expectations. When trust between practitioners and their clients is undermined it threatens the very fabric of our financial system. The result can be personal disappointment, but the financial crisis of 2007-08 highlighted how we can all be affected when economies are jeopardised by financial mismanagement.

A Matter of Trust explores how the finance sector can stand as a true profession and provides a practical guide to make everyday business decisions in an ethically sound way.

Trust – and trustworthiness – is at the very heart of our financial system and the relationships that underpin it.”
John Price, Commissioner, Australian Securities and Investments Commission (ASIC)

Paul Kofman

Paul Kofman

Paul Kofman is Dean of the Faculty of Business and Economics at the University of Melbourne. His research interests and publications are in quantitative and behavioural finance and the regulation of financial markets. He was one of the founding directors of the ARC-funded Financial Integrity Research Network. With his colleague Clare Payne, Paul introduced one of the first online subjects at The University of Melbourne, 'Ethics in Finance'. With his colleague Sean Pinder, Paul also…

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Clare Payne

Clare Payne

Clare Payne is a globally recognised leader for her work in ethics in finance and commitment to social issues. She is a World Economic Forum Young Global Leader and has been recognised by the Australian Financial Review and Westpac as one of their 100 Women of Influence. She co-authored A Matter of Trust: The Practice of Ethics in Finance. Clare is a former employment lawyer and an accomplished marathon swimmer.

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Ebook
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