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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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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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Ready to get started?

Plans & Membership

Our Platform

Expert led content

+1,000 expert presented, on-demand video modules

Learning analytics

Keep track of learning progress with our comprehensive data

Interactive learning

Engage with our video hotspots and knowledge check-ins

Testing & certification

Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

Connect Finance Unlocked to your current platform

Featured Content

More featured content

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.

More featured content

Book a demo

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What is Ethics?

What is Ethics?

Christian Hunt

25 years: Behavioural science & compliance

We’ve all heard of ethics and have an intuitive sense of what it is - but could you define it clearly and precisely? In this introductory video, Christian walks us through why ethics matter to us personally, and even more so to businesses.

We’ve all heard of ethics and have an intuitive sense of what it is - but could you define it clearly and precisely? In this introductory video, Christian walks us through why ethics matter to us personally, and even more so to businesses.

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What is Ethics?

9 mins 39 secs

Overview

We’ve all heard of ethics and have an intuitive sense of what it is - but could you define it clearly and precisely? In this introductory video, Christian walks us through why ethics matter to us personally, and even more so to businesses.

Key learning objectives:

  • Learn where our sense of ethics comes from

  • Understand why business should care about operating ethically

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Summary

How can we define ‘ethics’?

Etymologically, ‘ethics’ is derived from the Greek word ‘ethos’, meaning custom, habit, character or disposition. A more contemporary definition would be “moral beliefs and rules about right and wrong”. In other words, the tools we use to decide whether a course of action is appropriate.

Are we born with a sense of right and wrong?

Research by Yale University’s Infant Cognition Center (or ‘Baby Lab’) has found evidence that babies as young as three months can be shown to have a sense of right and wrong. In an experiment, babies were shown a puppet show, where a cat is seen trying to open a big box. A bunny in a green t-shirt then comes along and helps open the box. The scenario is then repeated, but this time a bunny in an orange t-shirt comes along and slams the box shut before running away. 

The baby is then presented with the two bunnies from the show. A staff member who doesn’t know which bunny was mean and which bunny was nice, offers both bunnies at the same time to the baby. The baby’s mother, who is usually present, closes her eyes not to influence the baby in any way.  

More than 80% of the babies in the study showed a preference for the good (green) bunny, either by reaching for it or staring at it. That number goes up to 87% with 3-month-olds. 

Why would businesses care about operating ethically?

If someone wants to build a sustainable business that has repeat customers, will attract investors, won’t face regulatory sanction, and not suffer negative PR, then it makes sense to operate on an ethical basis. 

Customer review websites and social media mean that customers have more power to keep businesses in check with bad reviews. Current and prospective employees are increasingly less likely to want to work for organisations that aren’t ethical, with sites like Glassdoor giving them more insights than ever before. 

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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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