LO1: Critically reflect on the moral considerations that apply to bankers which derive from the nature of bank products and services, and the ways in which professionalising banking could help ensure those responsibilities are fulfilled.

1.1 Assess the defining characteristics of profession and the extent to which banking is, or should be, a profession.

1.2 Identify the qualities that define a professional banker and explain the meaning of key concepts used in the Chartered Banker Institute’s Code of Professional Conduct.

1.3 Assess the extent to which employers and professional bodies can help instil ethical values in their employees and members.

1.4 Explain why the financial services sector is regulated more tightly than other sectors.

1.5 Reflect on the moral considerations a bank has when selling complex financial products and services to customers.