URL: https://digitalcollections.hoover.org/objects/745
Collection Structure Commonwealth Club of California records >  Sound recordings of club programs >  Law, Ethics and Banking
Item Title Law, Ethics and Banking
Collection Title Commonwealth Club of California records
Speaker Wilcox, Thomas R.
Date Created January 20, 1978
Description Ethics and law are two entirely different concepts, and regulation is a third concept. Too often laws that merely express wishes are enacted, and the unelected bureaucracy writes the rules to make the wishes come true. Ethical conduct is self-imposed; lawful conduct is externally imposed. Ethical conduct is the foundation of the banking system. Wilcox believes that additional banking laws are not needed, and that current banking regulation endangers the public interest. What is necessary is modernization, not reform. The question is whether the present bank regulation structure is adequate to protect the public interest and depositors' funds in the rapidly changing technological and marketing environment.
Subject(s) Banks and banking United States Banking law Corruption
Language(s) English
Country of Origin United States
Place Recorded San Francisco, California, United States
Format Sound Recording
Medium speeches (documents)
Hoover ID Program 19780120; 2003c87_a_0011002
Record Number 2003C87.844
Collection Guide https://oac.cdlib.org/findaid/ark:/13030/kt3g5032c1
Rights Used with permission of the Commonwealth Club of California.This copy is provided for educational and research purposes only. No publication, further reproduction, or reuse of copies, beyond fair use, may be made without the express written permission of the copyright owner.