In financial services, we don't trust

📆 7/11/2020 1:19 PM
📰 BusinessTimes

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ONE of the most alarming findings of our global survey on the impact of the coronavirus on the capital markets - and there were many - was the threat the coronavirus posed for ethical lapses in the investment management industry. Globally, 45 per cent of those surveyed felt financial hardships in the financial industry will result in unethical actions on the part of its professionals was likely or very likely. There were some regional differences, with the fear highest in North America, and the lowest in Latin America. Read more at The Business Times.

Changing that mindset is more attainable when it is a collaborative effort where each player demonstrates continuous integrity in practice and cultureFirms, practitioners, consumers and regulators should work together to improve trust.

Efforts towards this could include competency certifications, improving financial literacy and regulatory deterrence.ONE of the most alarming findings of our global survey on the impact of the coronavirus on the capital markets - and there were many - was the threat the coronavirus posed for ethical lapses in the investment management industry. Globally, 45 per cent of those surveyed felt financial hardships...

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