Standard III(B) – Fair Dealing
Standard III(B) – Fair Dealing indicates that CFA members must take advice and/or... Read More
The Need for High Ethical Standards in the Investment Industry
In 2014 the investment industry accounted for more than $64 trillion in assets. Additionally, it is growing at eight percent a year. It can be theorized that with trillions in assets and billions of financial transactions each year, even a small percentage of unethical exchanges amount to a significant overall number.
A market collapse is devastating to faith and confidence in the investment industry. With each significant downfall, there is an increase in unemployment and a slump in the economy. The well-being of capital markets depends largely on consumer trust. Trust is earned through ethical conduct.
Professionalism in Investment Management
Investment management is an upcoming profession. This is evidenced by the following:
- The public understanding of its practice and codes are still growing.
- There is a lack of recognition by the regulators and the employers, which prevents the establishment of a profession in investment management.
- Not all participants in the investment management are professionals since the participants have not engaged in specified training or are members of any recognized authority. This makes it hard for investment management to gain trust.
However, some critical elements of investment management have developed over the years. Investment management, just like any other profession, meets a large proportion of the profession’s expectations. Moreover, in most of the countries, some form of certification has been established, with no requirements to join a professional body. The investment management profession is trying to move with time. That is, it tries to cope with ever-changing demands.
Investment management is becoming global due to the increased opening of the capital markets internationally. Therefore, investment managers can offer their services in different countries or freely moving within the offices of multinational asset management firms. Several established bodies, such as actuarial societies, have investment management professionals as members.
Sergio Torrico
2021-07-23
Excelente para el FRM 2
Escribo esta revisión en español para los hispanohablantes, soy de Bolivia, y utilicé
AnalystPrep para dudas y consultas sobre mi preparación para el FRM nivel 2 (lo tomé una sola vez y aprobé muy bien), siempre tuve un soporte claro, directo y rápido, el material sale rápido cuando hay cambios en el temario de GARP, y los ejercicios y exámenes son muy útiles para practicar.
diana
2021-07-17
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2021-07-16
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2021-06-28
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2021-06-22
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2021-05-10
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2021-03-24
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2021-03-18
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