ABA Ethical Issues for Bankers
These are guiding principles that help determine the right course of action.
What are ethics?
Most banks have this document to guide ethical engagement.
What is a Code of Conduct? (Code of Ethics is also acceptable.)
FHLBank’s Code of Ethics is comprised of how many time-honored ethical principles?
What is eight?
FHLBank’s Code of Ethics is a condition of what?
What is your employment?
Ethics guide these in any situation.
What are decisions?
This bureau oversees consumer lending practices.
What is the Consumer Financial Protection Bureau?
This group at work is responsible for modeling ethical behavior and communicating its benefits.
What are leaders? (Executive Team, Leadership Team, and managers are also acceptable.)
A situation in which there is a potential for divided loyalties between your personal interests and your obligations to FHLBank is called ______________.
What is a conflict of Interest or potential conflict of interest?
FHLBank business partners may not serve on governing boards of _________.
What are its customers?
What kind of behavior benefits clients, banks, industry, communities, and ourselves.
What is ethical behavior?
Acting ethically helps reduce this type of exposure for banks.
What is risk?
Banks monitor internal activity to identify this type of unethical behavior.
What is fraud?
Do not accept business courtesies with an aggregate value of _____ from any one customer, counterparty or vendor in any calendar year.
What is $200.00?
When can an FHLBank business partner accept a cash gift or cash equivalent gift from a third party?
What is never?
When do banks prepare risk assessments to respond to ethical challenges.
What is "in advance?"
These individuals are protected and sometimes rewarded for reporting violations.
What are whistleblowers?
You are responsible for reporting violations of this.
What is your bank’s code of conduct/ethics?
An FHLBank officer engaged in outside employment must seek approval by whom?
What is President and CEO (Jeff Kuzbel)?
FHLBank business partners must complete Code of Ethics education every ______.
What is two years?
In which step of the ethical decision-making process would you determine the best option and weigh it against the risk? 1) Explore the issue; 2) Evaluate the options; 3) Vet options and make recommendations; 4) Make your decision; 5) Document your decision.
What is "Step 4: Make your decision?"
Ethical decisions made with transparency reflect positively on three groups. (Name at least one.)
What are customers, investors, and the marketplace?
A code of conduct is only effective if it is adhered to, monitored, and this.
What is enforced?
FHLBank’s first ethical principal is to maintain the highest standards of ___________ and ____________.
Honesty and integrity
Consult with either of these business partners for questions regarding FHLBank’s Code of Ethics.
Who are Chief Mission Officer / Chief Legal Officer (Matt Koupal) or Associate General Counsel, Director of Legal Services (Melissa Wangemann)
Ethical decisions are influenced by three external factors. Name at least two.
What are laws, regulations, and policies?