Do asset managers understand codes of conduct and their ethical dilemmas?

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codes of conduct, and how do they deal with ethical dilemmas? To answer these questions, we conducted a non-prompting online survey of wealth management employees at the Swiss legal entity of a large multinational bank. We used situational judgment questions to estimate the understanding and expected level of adherence to the CoC principles. We show that framing questions under the label « financial security » increases the accuracy of responses, and that employees’ honesty helps guide their decisions towards integrity in ethical dilemmas.

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