Economics · Banking Ethics
Consider the following statements regarding ethics in banking: Statement 1: Employee loyalty in a bank should be understood as a blind commitment to the immediate supervisor, which requires following all orders even if they involve manipulating the internal rating system to show a weak loan as a strong one. Statement 2: The dimension of professional competence requires a bank employee to continuously update their knowledge of changing regulations and technologies to ensure they provide accurate advice and services to their clients. Statement 3: Based on the dimension of employee ethics, a bank clerk who notices a senior officer pocketing small amounts of cash from the daily till is ethically obligated to report this through the appropriate internal channels. Analyze the provided statements and select the correct option.
- 1All statements are correct.
- 2Only Statement 2 is correct.
- 3Statement 1 and Statement 2 are correct.
- 4Statement 2 and Statement 3 are correct.✓
Correct answer
Statement 2 and Statement 3 are correct.
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