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This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

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Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

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Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

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In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

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Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

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Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

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An Ethical Framework for Decision Making II

An Ethical Framework for Decision Making II

Christian Hunt

25 years: Behavioural science & compliance

Ethical decision making can be tricky, things are not always black and white. Following an ethics framework will help you overcome these challenges. The framework has 7 steps, this video will cover the last 4, those being ‘How will it look on social media?’, ‘If you know it's wrong, don’t do it’, ‘If you’re not sure, ask’ and ‘Keep asking until you get an answer’.

Ethical decision making can be tricky, things are not always black and white. Following an ethics framework will help you overcome these challenges. The framework has 7 steps, this video will cover the last 4, those being ‘How will it look on social media?’, ‘If you know it's wrong, don’t do it’, ‘If you’re not sure, ask’ and ‘Keep asking until you get an answer’.

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An Ethical Framework for Decision Making II

12 mins 17 secs

Key learning objectives:

  • Understand why ethical decisions are not always simple

  • Apply the last four steps of the ethical framework

Overview:

Ethical decision making can be tricky, things are not always black and white. Following an ethics framework will help you overcome these challenges. The framework has 7 steps, this video will cover the last 4, those being ‘How will it look on social media?’, ‘If you know it's wrong, don’t do it’, ‘If you’re not sure, ask’ and ‘Keep asking until you get an answer’.

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Summary

How do I assess whether a decision is ethical? (steps 4 - 7)

4. How will it look on social media?

This question asks how a decision will be perceived on social media, it steps away from ‘I’ and asks what other people would think if we were to make a certain decision. Even if you think something is acceptable, others might not.

5. If you know it’s wrong, don’t do it. 

This seems like a strange step, however, it’s perfectly possible that we’ve managed to pass the first four steps and still have a niggling doubt in our minds. This question is asking, ‘so, you’ve made it this far in the test, but are you still sure it is a good idea?’. 

6. If you’re not sure, ask. 

For the first time in the framework, we’re shifting from thinking about the issue ourselves to actually asking other people. 

There will be certain situations where we need another perspective. However, choose a person that is not going to just tell you what you want to hear and a person that knows enough detail about what we’re looking at to be able to answer suitably. 

7. Keep asking until you get an answer. 

This doesn’t mean shopping around in step 6 until you get the answer you’re looking for. If the person you asked in step 6 hasn’t been able to help you, keep asking different questions until you get an answer that makes sense and is clear. 

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Christian Hunt

Christian Hunt

Christian is the founder of Human Risk, a Behavioural Science led Consulting and Training Firm. Previously, Christian was Managing Director at UBS, and Head of Behavioural Science (BeSci), within the Bank’s Risk function. Prior to joining UBS, he was Chief Operating Officer at the UK’s Prudential Regulation Authority.

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