Summer-School in “Political Philosophy & Public Policy: The Ethics of Banking”.
Professors:
Boudewijn de Bruin, Professor of Financial Ethics at the University of Groningen
Geert Demuijnck, Professor of Business Ethics & Political Philosophy at EDHEC Business School.
Invited speakers include: Carlos Abreu Amorim, Vítor Bento, Mariana Mortágua, Andrew Newton
When: 20-23 July 2015
Where: University of Minho, Braga (Portugal)
------------------------------
Course Description: In recent years there has been a resurgence of interest in issues at the intersection of political philosophy and public policy. In particular, attention has increasingly turned to the question of what kind of institutions and policies would be needed in order to create a significantly more just society. This summer school will be devoted to the ethics of banking. The first topic will be devoted to recent financial history, ethical issues that have arisen, problems of moral hazard, contagion effects, etc. This is basically centered round the question of what the function of finance is in society, or what it should be. A second topic will focus on various players in the industry and their respective ethical issues: banks, central banks, insurance companies, etc. We'll look at things such as insider trading, and debate the (im)morality of it, and/or such practices as frontrunning, churning, etc. Still another topic will be devoted to Professor Boudewijn de Bruin’s own research on epistemic virtues, debating the claim that ethics in finance ought to be sensitive to competence issues rather than (just) on greed or bonuses. We'll look into corporate epistemic virtues, rotation policies, organizational opposition, credit rating agencies and the way they outsource epistemic responsibility.A final topic on ethics management tools will be included as well, focusing on recent initiatives surrounding the bankers' oath in the Netherlands, etc.
Professor de Bruin’s latest book Ethics and the Global Financial Crisis: Why Incompetence is Worse than Greed came out recently and may figure as a good background/textbook for the summer school.
Two additional topics will be developed by Professor Geert Demuijnck. The first topic, related to Boudewijn de Bruin’s last issue, will be about the role of financial services managers as professionals and about how the financial services industry deals with conflicts of interests. The second topic will be an overview (and short history) of issues related to ethical investing, SRI (socially responsible investing), impact investing, etc. We will discuss methodological issues as well as the meaning and impact of these types of investments. Additional topics will be covered by the guest speakers Carlos Abreu Amorim, Vítor Bento, Mariana Mortágua, Andrew Newton and the presentations given by the selected participants, which you can consult infra:
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PROGRAM
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Day 1 Afternoon (July 20)
16h00 Welcome words by Roberto Merrill and Pedro Teixeira
16h10 Symposium on Professor Boudewijn de Bruin’s book, Ethics and the Global Financial Crisis: Why Incompetence is Worse than Greed (CUP, 2015)
Chair: João Ribeiro Mendes
Comments by: Geert Demuijnck, Chloë Fitzgerald, Michele Loi, Stephen Hood, Pedro Teixeira.
Replies by Boudewijn de Bruin.
18h00 Lecture 1: Boudewijn de Bruin, The function of finance and virtue epistemology
-----------------------------------
Day 2 Morning (July 21)
Chair: Giuseppe Ballacci
10h00 Lecture 2: Geert Demuijnck, Do SRI funds make any sense ?
Presentations:
Supanai Sookmark, On the relevance and importance of socially responsible investment
David Alvarez, Ethical Benchmarks for Sovereign Wealth Funds
Day 2 Afternoon
Chair: David Alvarez
14h30 Lecture 3: Boudewijn de Bruin, Why incompetence is worse than greed
Presentations:
Chloë Fitzgerald, Taking responsibility for our implicit biases at the individual and institutional level
Sofia Santos, The role of ethical finance in the well-being of the 21st century societies
------------------------------------
Day 3 Morning (July 22)
Chair: Pedro Teixeira
10h00 Lecture 4: Vítor Bento, to be announced
11h30 Lecture 5: Boudewijn de Bruin, How to regain trust in finance
Day 3 Afternoon
Chair: Roberto Merrill
14h30 Lecture 6: Geert Demuijnck, Rogue traders and corporate culture
Presentations:
Alicia Hennig, Lessons learnt from Global Banks: Why We Need New Ways and Concepts of Ethics in the Finance Sector
Daniel Lopes, Financial supervision in motion? A sociological look at the post-2008 financial reforms
-----------------------------------
Day 4 Morning (July 23)
Chair: Chloë Fitzgerald
10h00 Lecture 7: Andrew Newton, Moral responsibility of market participants
Presentations:
Josep Ferret, Distributive Justice and Independent Financial Institutions
Pedro Silva, Ethics of banking and predistribution
Day 4 Afternoon
Chair: João Cardoso Rosas
15h30 Debate on the ethics of banking in Portugal: Mariana Mortágua and Carlos Abreu Amorim
16h30 Final remarks and end of school
--------------
Contacts: Roberto Merrill ([email protected]) or Pedro Teixeira ([email protected])
Professors:
Boudewijn de Bruin, Professor of Financial Ethics at the University of Groningen
Geert Demuijnck, Professor of Business Ethics & Political Philosophy at EDHEC Business School.
Invited speakers include: Carlos Abreu Amorim, Vítor Bento, Mariana Mortágua, Andrew Newton
When: 20-23 July 2015
Where: University of Minho, Braga (Portugal)
------------------------------
Course Description: In recent years there has been a resurgence of interest in issues at the intersection of political philosophy and public policy. In particular, attention has increasingly turned to the question of what kind of institutions and policies would be needed in order to create a significantly more just society. This summer school will be devoted to the ethics of banking. The first topic will be devoted to recent financial history, ethical issues that have arisen, problems of moral hazard, contagion effects, etc. This is basically centered round the question of what the function of finance is in society, or what it should be. A second topic will focus on various players in the industry and their respective ethical issues: banks, central banks, insurance companies, etc. We'll look at things such as insider trading, and debate the (im)morality of it, and/or such practices as frontrunning, churning, etc. Still another topic will be devoted to Professor Boudewijn de Bruin’s own research on epistemic virtues, debating the claim that ethics in finance ought to be sensitive to competence issues rather than (just) on greed or bonuses. We'll look into corporate epistemic virtues, rotation policies, organizational opposition, credit rating agencies and the way they outsource epistemic responsibility.A final topic on ethics management tools will be included as well, focusing on recent initiatives surrounding the bankers' oath in the Netherlands, etc.
Professor de Bruin’s latest book Ethics and the Global Financial Crisis: Why Incompetence is Worse than Greed came out recently and may figure as a good background/textbook for the summer school.
Two additional topics will be developed by Professor Geert Demuijnck. The first topic, related to Boudewijn de Bruin’s last issue, will be about the role of financial services managers as professionals and about how the financial services industry deals with conflicts of interests. The second topic will be an overview (and short history) of issues related to ethical investing, SRI (socially responsible investing), impact investing, etc. We will discuss methodological issues as well as the meaning and impact of these types of investments. Additional topics will be covered by the guest speakers Carlos Abreu Amorim, Vítor Bento, Mariana Mortágua, Andrew Newton and the presentations given by the selected participants, which you can consult infra:
----------------
PROGRAM
----------------
Day 1 Afternoon (July 20)
16h00 Welcome words by Roberto Merrill and Pedro Teixeira
16h10 Symposium on Professor Boudewijn de Bruin’s book, Ethics and the Global Financial Crisis: Why Incompetence is Worse than Greed (CUP, 2015)
Chair: João Ribeiro Mendes
Comments by: Geert Demuijnck, Chloë Fitzgerald, Michele Loi, Stephen Hood, Pedro Teixeira.
Replies by Boudewijn de Bruin.
18h00 Lecture 1: Boudewijn de Bruin, The function of finance and virtue epistemology
-----------------------------------
Day 2 Morning (July 21)
Chair: Giuseppe Ballacci
10h00 Lecture 2: Geert Demuijnck, Do SRI funds make any sense ?
Presentations:
Supanai Sookmark, On the relevance and importance of socially responsible investment
David Alvarez, Ethical Benchmarks for Sovereign Wealth Funds
Day 2 Afternoon
Chair: David Alvarez
14h30 Lecture 3: Boudewijn de Bruin, Why incompetence is worse than greed
Presentations:
Chloë Fitzgerald, Taking responsibility for our implicit biases at the individual and institutional level
Sofia Santos, The role of ethical finance in the well-being of the 21st century societies
------------------------------------
Day 3 Morning (July 22)
Chair: Pedro Teixeira
10h00 Lecture 4: Vítor Bento, to be announced
11h30 Lecture 5: Boudewijn de Bruin, How to regain trust in finance
Day 3 Afternoon
Chair: Roberto Merrill
14h30 Lecture 6: Geert Demuijnck, Rogue traders and corporate culture
Presentations:
Alicia Hennig, Lessons learnt from Global Banks: Why We Need New Ways and Concepts of Ethics in the Finance Sector
Daniel Lopes, Financial supervision in motion? A sociological look at the post-2008 financial reforms
-----------------------------------
Day 4 Morning (July 23)
Chair: Chloë Fitzgerald
10h00 Lecture 7: Andrew Newton, Moral responsibility of market participants
Presentations:
Josep Ferret, Distributive Justice and Independent Financial Institutions
Pedro Silva, Ethics of banking and predistribution
Day 4 Afternoon
Chair: João Cardoso Rosas
15h30 Debate on the ethics of banking in Portugal: Mariana Mortágua and Carlos Abreu Amorim
16h30 Final remarks and end of school
--------------
Contacts: Roberto Merrill ([email protected]) or Pedro Teixeira ([email protected])