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LUBS3115
Module Reading List

Critical Cases for Banking and Finance, 2019/20, Semester 1, 2
Kevin Keasey
K.Keasey@lubs.leeds.ac.uk
Tutor information is taken from the Module Catalogue

READINGS

SEMESTER 1

Topic 1: The Changing Landscape of Banking

TBC

Topic 2: Banking and Professionalism

Required

Bennion, F.A.R., Professional ethics : the consultant professions and their code , (London: C. Knight, 1969), Chapter 1.  Available as an Online Course Reading in Minerva  

Beyerstein, Dale, The Functions and Limitations of Professional Codes of Ethis’ in Winkler, Earl, R. & Coombs, Jerrold, R. (eds.), Applied Ethics: A Reader (Blackwell Publishers, 1993), p. 417.  Available as an Online Course Reading in Minerva  

Chartered Banker Professional Standards Board. 2016. The Chartered Banker Code of Professional Conduct (online). Available at: https://www.charteredbanker.com/resource_listing/cpd-resources/cbpsb_code_of_professional_conduct.html  

CFA Institute. 2014. Standards of Practice Handbook (11th edition). pp. 1-12. Available at: https://www.cfainstitute.org/-/media/documents/code/code-ethics-standards/standards-practice-handbook-11th-ed-eff-July-2014-corr-sept-2014.ashx 

Freidson, E., (1994) Chapter 9. FROM: Freidson, E, Professionalism reborn: theory, prophecy, and policy. pp. 149-168. Cambridge: Polity Press. Available as an ebook through library.     

Further

Codes

Davis, Michael, ‘Thinking Like an Engineer: The Place of a Code of Ethics in the Practice of a Profession’, Philosophy & public affairs. , 20/2 (1991): 150-167.

Integrity

Baxter, J. Dempsey, J. Megone, C., & Lee, J. 2012. Real Integrity. (online). Available at: https://www.icaew.com/-/media/corporate/files/technical/ethics/real-integrity-full-report.ashx (accessed 24th September 2018).

Cox, Damian, Marguerite La Caze and Michael Levine, ‘Integrity’ in Edward N. Zalta (ed.) Stanford encyclopedia of philosophy [electronic resource]. (online version) 2006.

Chris Megone: ‘Integrity, Virtue and the Financial Crisis’, in S. Gregg and J. Stoner (eds.) Profit, prudence and virtue [electronic resource] : essays in ethics, business and management, (Imprint Academic, Exeter, 2009), pp. 195–210.

Mendus, Susan, Politics and Morality, (Cambridge: Polity, 2009). Chapter 1, pp.14-36.     

Res Publica. 2014. Virtuous Banking (online). Available at: https://www.respublica.org.uk/wp-content/uploads/2014/07/ueq_Virtuous-Banking-Final-new.pdf (accessed 24th September 2018).

Professionalism

Banking Standards Board. 2016. Exploring The Role Of Professional Bodies And Professional Qualifications In The UK Banking Sector (online). Available at: https://www.bankingstandardsboard.org.uk/wp-content/uploads/2016/10/160928-Professionalism-in-banking-publication-FINAL-WEB.pdf (accessed 24th September 2018).

BSB, Baxter, J., Megone, C. 2016. Exploring the role of professional bodies and professional qualifications in the UK banking sector. BSB (online). Available at: https://www.bankingstandardsboard.org.uk/wp-content/uploads/2016/10/160928-Professionalism-in-banking-publication-FINAL-WEB.pdf (accessed 24th September 2018).

Kipnis, Kenneth, ‘Professional Responsibility and the Responsibility of Professionals’, in Robison and Wade (eds.), Profits and professions : essays in business and professional ethics (Clifton, Humana Press, 1983).      

Trust

Banking Standards Board. 2017. Worthy of trust? Law, ethics and culture in banking. (online). Available at: https://www.bankingstandardsboard.org.uk/wp-content/uploads/2017/12/Worthy-of-trust-Nov17.pdf (accessed 24th September 2018).

Gold, N., 2014. Trustworthiness and Motivations. In: Capital Failure: Rebuilding Trust in Financial Services, pp.129-53. Oxford University Press. Chapter available online via library.

Sir Philip Mawer, Ethics, Trust, and Integrity, Public Trust in the Professions Conference Speech, accessible here:

http://www.actuaries.org.uk/sites/default/files/documents/pdf/mawerpublictrust20100225.pdf

O'Neill, Onora, A Question of Trust, Reith Lectures, (BBC, 2002). The lectures are also available as audio recordings at:

http://www.bbc.co.uk/radio4/reith2002/lectures.shtml (accessed 24th September 2018).

Wearden, Graham, “How the PPI Scandal Unfolded”, The Guardian, 5 May 2011. URL = https://www.theguardian.com/business/2011/may/05/how-ppi-scandal-unfolded Last accessed 12 August 2019.

Topic 3: Ethical Theory and Ethical Reasoning

Required

Arnold, D., Beauchamp, T., & Bowie, N. (2014). Ethical theory and business (Ninth edition.). Harlow, Essex: Pearson. Chapter 1 pp.1-40. Available online as ebook through library.      

Further

Ethical Issues in Finance 

Boatright, John. B. “Ethical Issues in Financial Services” IN Arnold, D., Beauchamp, T., & Bowie, N. (2014). Ethical theory and business (Ninth edition.) Harlow, Essex: Pearson. Chapter 6 pp. 350 357. Available online as ebook through library.

Nielsen, Richard. “High-Leverage Finance Capitalism: Ethical Issues and Potential Reforms” IN Arnold, D., Beauchamp, T., & Bowie, N. (2014). Ethical theory and business (Ninth edition.) Harlow, Essex: Pearson. Chapter 6 pp. 361-376. Available online as ebook through library.

Strudler, Alan, “The Moral Problem of Insider Trading” IN Arnold, D., Beauchamp, T., & Bowie, N. (2014). Ethical theory and business (Ninth edition.) Harlow, Essex: Pearson. Chapter 6 pp. 357-361 Available online as ebook through library.

Ethical Theory

Athanassoulis, Nafsika, “Virtue Ethics”, The Internet Encyclopedia of Philosophy, ISSN 2161-0002. Accessible here: https://www.iep.utm.edu/,

Hursthouse, Rosalind and Pettigrove, Glen, "Virtue Ethics", The Stanford Encyclopedia of Philosophy (Winter 2018 Edition), Edward N. Zalta (ed.), URL = <https://plato.stanford.edu/archives/win2018/entries/ethics-virtue/>. Last accessed 12 August 2019.

Johnson, Robert and Cureton, Adam, "Kant’s Moral Philosophy", The Stanford Encyclopedia of Philosophy (Spring 2019 Edition), Edward N. Zalta (ed.), URL = <https://plato.stanford.edu/archives/spr2019/entries/kant-moral/>. Last accessed 12 August 2019.

Nathansan, Stephen, “Act and Rule Utilitarianism”, The Internet Encyclopaedia of Philosophy, Fieser & Downden (eds.). Accessible here https://www.iep.utm.edu/util-a-r/. Last accessed 12 August 2019.

 Sinnott-Armstrong, Walter, "Consequentialism", The Stanford Encyclopedia of Philosophy (Summer 2019 Edition), Edward N. Zalta (ed.), URL = <https://plato.stanford.edu/archives/sum2019/entries/consequentialism/>. Last accessed 12 August 2019.

Logical Arguments

“Wireless Philosophy” is a youtube channel which contains further information on making sound arguments. Accessible here:

https://www.youtube.com/watch?v=3P0fUHUaZcs&index=6&list=PLtKNX4SfKpzX_bhh4LOEWEGy3pkLmFDmk

 If you are interested in critical thinking and would like to learn more, you can watch the whole series of their videos. Accessible here:

https://www.youtube.com/playlist?list=PLtKNX4SfKpzX_bhh4LOEWEGy3pkLmFDmk

 The following website is also very useful, particularly on common errors in reasoning. Accessible here:

https://www.logicalfallacies.info/   

 BBC Radio 4 and the Open University on the is-ought problem which explains it in simple terms. Accessible here:

https://www.youtube.com/watch?v=eT7yXG2aJdY

Relativism

Arnold, D., Beauchamp, T., & Bowie, N. (2014). Ethical theory and business (Ninth edition.) Harlow, Essex: Pearson. Chapter 9 “Ethical Issues in International Business”, pp. 530-596. Available online as ebook through library.

Gowans, Chris, "Moral Relativism", The Stanford Encyclopaedia of Philosophy (Winter 2016 Edition), Edward N. Zalta (ed.). Accessible here: https://plato.stanford.edu/archives/win2016/entries/moral-relativism/ (accessed 24th September 2018).

Westacott, Emrys, “Moral Relativism”, The Internet Encyclopaedia of Philosophy, Fieser & Downden (eds.). Accessible here:http://www.iep.utm.edu/moral-re/

Topic 4: Regulation and Legislation

Required

Robert Baldwin, Martin Cave and Martin Lodge, Understanding Regulation, (Oxford: OUP, 2012), Chapter 2 “Why Regulate?” pp15-24. Book is available online via the library.  

Ha-Joon Chang, ‘The economics and politics of regulation’, Cambridge Journal of Economics, 1997, 21, 703-728.  

Further

Anderson, Spencer, “A History of the Past 40 years in Financial Crises”, International Financing Review, no date. URL = http://www.ifre.com/a-history-of-the-past-40-years-in-financial-crises/21102949.fullarticle Last accessed 13 August 2019.

Asher, Anthony, “Why we can’t just throw more regulation at the ethical issues raised by the banking royal commission” The Conversation, 15th May 2018, URL = http://theconversation.com/why-we-cant-just-throw-more-regulation-at-the-ethical-issues-raised-by-the-banking-royal-commission-96646 Last accessed 13th August 2019.

Robert Baldwin, Martin Cave and Martin Lodge, ‘Understanding Regulation’, (Oxford: OUP, 2012). Book available online via library.

Donaldson and Dunfee, Chapter 4 ‘Social contract approaches to business ethics: bridging the “is-ought” gap’ in Frederick, R.E. ed., 1999. A Companion to Business Ethics. Oxford: Blackwell Publishing. Pp.38-55. Book is available online via library.

Luyendijk, Joris, “Big Banks Still Have a Problem with Ethics and Morality”, The Guardian, 18 January 2016. URL = https://www.theguardian.com/sustainable-business/2016/jan/18/big-banks-problem-ethics-morality-davos Last accessed 13 August 2019.

Topic 5: Whistleblowing and Data Protection

TBC

SEMESTER 2

Topic 6: Business Ethics

Required

Freeman, R. Edward “Managing for Stakeholders” IN Arnold, D., Beauchamp, T., & Bowie, N. (2014). Ethical theory and business (Ninth edition.) Harlow, Essex: Pearson. Chapter 2 pp. 57 -68. Available online as ebook through library.  

Friedman, Milton “The Social Responsibility of Business Is to Increase Its Profits”, In Arnold, D., Beauchamp, T., & Bowie, N. (2014). Ethical theory and business (Ninth edition.) Harlow, Essex: Pearson. Chapter 2 pp. 53-56 Available online as ebook through library.  

Further

Business Ethics - General

Moriarty, Jeffrey, "Business Ethics", The Stanford Encyclopedia of Philosophy (Fall 2017 Edition), Edward N. Zalta (ed.), URL = <https://plato.stanford.edu/archives/fall2017/entries/ethics-business/>. Last Accessed 12 August 2019.

Goodpaster, K (1991). ‘Business Ethics and Stakeholder Analysis’, Business ethics quarterly , 1 (1), pp. 53-72.

Business Ethics – Employees

Arnold, D., Beauchamp, T., & Bowie, N. (2014). Ethical theory and business (Ninth edition.) Harlow, Essex: Pearson. Chapter 3 “Ethical Treatment of Employees”, pp. 139-202. Available online as ebook through library.

Arnold, D., Beauchamp, T., & Bowie, N. (2014). Ethical theory and business (Ninth edition.) Harlow, Essex: Pearson. Chapter 4 “Diversity, Discrimination and Harassment in the Workplace”, pp. 204-252. Available online as ebook through library.

Business Ethics – Pay

Institute of Business Ethics (IBE) Briefing ‘Fairness in the Workplace: pay’, July 2014. URL = https://www.ibe.org.uk/userassets/briefings/b42_pay.pdf Last accessed 12 August 2019

Moriarty, Jeffrey, “Do CEOS get Paid Too Much?” IN Arnold, D., Beauchamp, T., & Bowie, N. (2014). Ethical theory and business (Ninth edition.) Harlow, Essex: Pearson. Pp. 618-627. Available online as ebook through library. 

Business Ethics - Finance

Boatright, John. B. “Ethical Issues in Financial Services” IN Arnold, D., Beauchamp, T., & Bowie, N. (2014). Ethical theory and business (Ninth edition.) Harlow, Essex: Pearson. Chapter 6 pp. 350 357. Available online as ebook through library.

Banking Standards Board. 2017. Worthy of trust? Law, ethics and culture in banking. (online). Available at: https://www.bankingstandardsboard.org.uk/wp-content/uploads/2017/12/Worthy-of-trust-Nov17.pdf (accessed 24th September 2018).

Nielsen, Richard. “High-Leverage Finance Capitalism: Ethical Issues and Potential Reforms” IN Arnold, D., Beauchamp, T., & Bowie, N. (2014). Ethical theory and business (Ninth edition.) Harlow, Essex: Pearson. Chapter 6 pp. 361-376. Available online as ebook through library.

Strudler, Alan, “The Moral Problem of Insider Trading” IN Arnold, D., Beauchamp, T., & Bowie, N. (2014). Ethical theory and business (Ninth edition.) Harlow, Essex: Pearson. Chapter 6 pp. 357-361 Available online as ebook through library.

Business Ethics - International Issues

Arnold, D., Beauchamp, T., & Bowie, N. (2014). Ethical theory and business (Ninth edition.) Harlow, Essex: Pearson. Chapter 9 “Ethical Issues in International Business”, pp. 530-596. Available online as ebook through library.

Michael Phillips, ‘Bribery’, Ethics, Vol. 94, No. 4 (July, 1984), pp. 621-636.

Business Ethics – Marketing, Selling & Pricing

Arnold, D., Beauchamp, T., & Bowie, N. (2014). Ethical theory and business (Ninth edition.) Harlow, Essex: Pearson. Chapter 5 “Marketing and the Disclosure of Information”, pp. 254-326. Available online as ebook through library.

Hughes, Katie, “Lenders Court New Controversy Over Misleading Loan Rates”, The Independent, 6 June 2018. URL = https://www.independent.co.uk/money/spend-save/uk-consumers-personal-loans-interest-rate-advertising-banks-lenders-marketing-legislation-a8386916.html Last accessed 12 August 2019.

Mayer, ‘What's Wrong with Exploitation? ’, Journal of applied philosophy. , 2007, Vol. 24, Issue. 2, pp. 137-150.

Wearden, Graham, “How the PPI Scandal Unfolded”, Th e Guardian, 5 May 2011. URL = https://www.theguardian.com/business/2011/may/05/how-ppi-scandal-unfolded Last accessed 12 August 2019.

Business Ethics – Whistleblowing

Bok, S.: 1983, 'Whistleblowing and Professional Responsibility', in T. L. Beauchamp and N. E. Bowie, eds., Ethical Theory and Business, 2nd ed. (Prentice-Hall Inc., Englewood Cliffs, New Jersey), pp. 261-269, p. 263.

Duska, Ronald, “Whistleblowing and Employee Loyalty”, In Arnold, D., Beauchamp, T., & Bowie, N. (2014). Ethical theory and business (Ninth edition.) Harlow, Essex: Pearson. Pp. 175-178. Available online as ebook through library.

Robert A. Larmer, “Whistleblowing and Employee Loyalty”, Journal of business ethics., Vol. 11, No. 2 (Feb., 1992), pp. 125-128

Schinzinger, Roland, Introduction to Engineering Ethics (Boston: McGraw-Hill, 2000), Chapter 5 (ONLY pp. 167-181). 

Topic 7: The Challenge of Balancing Risks

TBC

Topic 8: Leadership, Governance, Culture and Conduct

Required

Baxter, J. Dempsey, J. Megone, C., & Lee, J. 2012. Real Integrity. (online). Available at: https://www.icaew.com/-/media/corporate/files/technical/ethics/real-integrity-full-report.ashx (accessed 24th September 2018).  

Flanigan, Jessica, “Chapter 9: The Ethics of Authentic Leadership”, In Boaks, J. and Levine, M.P. eds., 2015. Leadership and Ethics. Bloomsbury Publishing.    

Paine, Lynn S. (1994) "Managing for Organisational Integrity", Harvard business review. , 72 (2), pp. 106-117.  

Sorial, Sarah, “Chapter 6: The Ethical Obligations of Authority”, IN Boaks, J. and Levine, M.P. eds., 2015. Leadership and Ethics. Bloomsbury Publishing.  
 

Further 

Brooks, Thom, “Chapter 11: Leadership and Stakeholding” In Boaks, J. and Levine, M.P. eds., 2015. Leadership and Ethics. Bloomsbury Publishing.   

Ciulla, J., Price, T., & Murphy, S. (2005). The quest for moral leaders essays on leadership ethics . Cheltenham, UK ;: Edward Elgar.

Ciulla, J. (2003). The ethics of leadership . South Melbourne, Australia: Thomson/Wadsworth.

Jenkins, Fiona, “Chapter 10: Leadership and Gender: Women’s Mandate to Lead IN Boaks, J. and Levine, M.P. eds., 2015. Leadership and Ethics. Bloomsbury Publishing.

Sandis, C & Taleb, N.N. “Chapter 13: Leadership Ethics and Asymmetry” IN Boaks, J. and Levine, M.P. eds., 2015. Leadership and Ethics. Bloomsbury Publishing.

Topic 9: The Future of Banking: Artificial Intelligence and Sustainability

Required

Nissenbaum, H. (1996), "Accountability in a Computerised Society", Science and Engineering Ethics, 2 (1), pp 25–42.  

Petrasic, K. 2017, "Algorithms and bias: What lenders need to know". Available at: https://www.whitecase.com/publications/insight/algorithms-and-bias-what-lenders-need-know  

Hardin, G. 1968, The Tragedy of the Commons. Available at: http://science.sciencemag.org/content/162/3859/1243  

Holland, Alan, "Sustainability" in Arnold, D., Beauchamp, T., & Bowie, N. (2014). Ethical theory and business (Ninth edition.) Harlow, Essex: Pearson. Pp. 484-491. Available online as ebook through library.  

Further

Sustainability

Bowie, Norman E., "Morality, Money and Motor Cars" in Arnold, D., Beauchamp, T., & Bowie, N. (2014). Ethical theory and business (Ninth edition.) Harlow, Essex: Pearson. Pp. 464-470. Available online as ebook through library.

Arnold, Denis G. and Bustos, K., "Business Ethics and Global Climate Change" in Arnold, D., Beauchamp, T., & Bowie, N. (2014). Ethical theory and business (Ninth edition.) Harlow, Essex: Pearson. Pp. 470-483. Available online as ebook through library.

Benson, J. (ed), Environmental Ethics: An Introduction with Readings, London: Routledge, 2000.

O’Neill, Holland and Light, Environmental Values, London: Routledge, 2008.

Artificial Intelligence

United States Association for Computing Machinery, 2017, "Transparency and Accountability". Available at: https://www.acm.org/binaries/content/assets/public-policy/2017_usacm_statement_algorithms.pdf 

Deloitte, 2018, "AI and Risk Management: innovating with confidence". Available at https://www2.deloitte.com/content/dam/Deloitte/global/Documents/Financial-Services/deloitte-gx-ai-and-risk-management.pdf

Buchanan, Bonnie G., "Artificial intelligence in finance". Available at https://www.turing.ac.uk/sites/default/files/2019-04/artificial_intelligence_in_finance_-_turing_report_1.pdf

Topic 10: The Challenge of Innovation while Maintaining Returns

TBC

This list was last updated on 05/11/2019