College of Business, Hospitality and Tourism Studies
DEPARTMENT OF BANKING AND FINANCE
FIN 705 – ETHICS IN FINANCIAL SERVICES
ASSIGNMENT 2
Semester 2, 2021
TOTAL WEIGHTING:
INSTRUCTIONS
Write-up 25%
Description
In order to explore ethical issues relevant to financial services sector, you are required to write a case study that explores one ethical problem that needs to be considered and addressed as part of your project. This could include issues such as but not limited to:
? Conflict of Interest
? Unethical Sales Practices
? Ethical issues in Credit Cards and Mortgage Lending
? Fairness in Markets
? Insider Trading
? Hostile Takeovers
? Financial Engineering
? Risk Management
? Ethics of Bankruptcy
? Whistleblowing
? Ethical issues in insurance industry
? Fraud Committed by Insured
? Insurance Agent Misconduct
? Usurious practices
? Speculative banking
? Financing arms manufacturing and trade
? Financing and supporting totalitarian regimes
? Financing of companies with little or no commitment to social responsibility ? Ecological Impact
? Financing, donations, and sponsorships contrary to the good of the family ? Involvement in social enterprise.
? Misconduct by insurance companies
Find a recent story/issue that relates to your project in discussing an ethical issue, and use the facts from the article to write a case study. Project Outline:
1. Abstract
2. Introduction
3. Case Summary
4. Dilemma Summary:
a. identify the parties involved, their rights, their responsibilities
b. Identify the significant ethical issues of the case.
c. Identify the relevant factual issues, conceptual issues, social constraints, and any additional information necessary for an accurate understanding of the case
d. Formulate possible courses of action and evaluate the strengths and weaknesses of those action
e. Indicate which course of action you would choose, and why, provide your own opinions. -Use your facts/sources to convince me of your ethical point of view-.
5. Conclusion
6. References
7. Appendix (only if necessary)
Some tips:
1) Getting Started
a. Outline your essay
b. Recommendation
i. Critically analyze the case, determine the potential courses of action, and — most importantly — take a clear and decisive position with respect to what you would do if you were one of the lead characters in this case. ii. Weigh pros and cons and evaluate which outweighs the other.
2) Mindset of the Paper
a. Pretend you are one of the lead characters in the case – this will allow you to write with authority on the topic
b. Pretend audience knows nothing
c. View your paper as a “position paper.” Although it includes “explanation,” your task is to understand the context, to evaluate the evidence, and then to make a decision concerning the appropriate course of action, supporting through arguments.
d. Take a clear and decisive position –what would you do if you were one of the lead characters in this case?
3) Cite your sources and list in bibliography. Choose sources of substance. Should look at outside articles to have multiple sources. (i.e. Not all technical Papers) a. Use databases available via FNU library services:
i. LexisNexis: legal, business, medical related issues
b. Local newspapers.
c. Fiji Financial Intelligence Unit and FICAC websites.
d. Consumer council of Fiji reports.
4) Avoid potential grammatical errors
a. Don’t use complex vocabulary if you don’t know how.
b. Don’t use semicolons if you don’t know how.
5) Technical Clarifications
a. Maximum of 15-page essay, 1.5 spaced
b. 12pt font, Times New Roman
6) Writing the case should also require some research, and a “further reading” list of sources should be cited at the end of the case. For example, if you are writing a case on conflict of interest, your citations may include a reading you found explaining what conflict of interest is, an example of a conflict of interest policy developed by a company, and a news article you found describing a real-life instance of conflict of interest.
Notes:
i. Students can do this assignment individually, in pairs or in groups not exceeding four members.
ii. Provide a complete reference list which should be prepared in accordance with one of the internationally accepted referencing standards.
iii. Submit a soft copy of your project on the MOODLE.
iv. A turn-it-in facility will be provided on the Moodle for preliminary plagiarism checking as well as final project submission drop box. A maximum of 30% similarity index is allowed.
v. The project is due on 7th November, 2021 and the drop box facility will expire accordingly.
vi. The assessment rubrics provided below is to assist you in your project and is for markers use only (not to be inserted in your project).
Best of Luck
Pretika Chand
Dated 10/09/2021
FIN 705: Ethics in Financial Services Assessment Criteria
Student Name Student ID Number
1
2
3
4
Number
Component
Full mark
Gained mark
Comments
1 Abstract 2
2 Introduction 4
3 Case Summary 5
4.Dilemma
Summary
a 4
b 4
c 10
d 10
e 6
5 Conclusion
3
6 References
2
Total 50