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Introduction A bank refers to a financial institution that accepts deposits and channels the money into lending activities (Lewis, 2009). Ethics refers to the principles of right and wrong that are accepted by an individual or a social group ((Lewis, 2009).) Conceptually, ethics refers to well base standards of right and wrong that prescribe what humans ought to do, usually in terms of rights, obligations, benefits to society, fairness, or specific virtues (Safakli, 2005). It’s the integrity measure, which evaluates the values, norms and rules that constitute the base for individual and social relationships, from a moral perspective (Smith and Smith, 2002). It consists of choosing the good over the bad, the right over the wrong and the fair over the unfair. It makes claims about what ought to be done or what ought not to be done (Carse, 1999). Integrity implies not merely honesty but fair dealing and truthfulness (CAJEC, 1992). In an era of sustainable economic development models there is an increased attention on sectoral compatibility, environmental protection, and professional ethics (Safakli, 2005). Analyzing the recent bank failures it can be seen that the business and professional ethics is one of the most important elements of stability in banking and the finance sector. This is because the sectors are in particular very important instruments of speedy economic growth and development. The banking plays an important role in restructuring the economy and to bring about long-term sustainable macroeconomic stability. According to Deiss (2001), the success of banks, both in short and long term depend on the trust and confidence between all the parties. Ethical value s and behaviors in banking play a very important role in crea... ... middle of paper ... than others is hardly determined. Since the standard in a bank and the banking system depends on the licensing authorities, shareholders, sponsors/directors, top management, the regulators, and the government, it follows that for ethical dilemmas in the banking sector to be managed, all stakeholders must be up and doing. It is essential for a bank to be clear about the key ethical values to which it subscribes. It then needs to ensure that the organization and the employee act in accordance with these values. It is also necessary to have policies and procedures designed to ensure Compliance with the standards specified in the code of conduct. Codes of conduct and the means to enforce them are important tools for management of ethical issues and attitude in the banking sector. However, narrow compliance-based approach towards ethics management should be avoided.

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