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“Poor ethics costs money and jobs,” says Claire Fargeot, Head of the Standards and Financial Market Integrity division of the CFA (Chartered Financial Analyst) Institute in Europe, Middle East and Africa, in an interview with LFF. She was invited to Luxembourg to speak at a conference on business ethics.
You participated in a panel discussion on the importance of ethics in business. What benefits can ethical behaviour bring to a business?
I think it may be easier to illustrate this point by turning the question on its head and thinking about the risks of unethical behaviour and reputational risk. We have seen many examples of this in the financial services industry of late: Barclays, HSBC, JP Morgan, RBS, Standard Chartered, Madoff,...
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