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Notre Dame Ethics Week 2012: Failed v. 'Fantastic' Financial Institutions

by Carol Elliott

February 10, 2012

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The financial crisis of the past several years put a public spotlight on how much the financial services industry has evolved, from its savings-and-loan roots, to its expansion into a complex, global network of financial institutions offering a myriad of products.

The crisis also highlighted the disastrous economic fallout when these institutions fail, sometimes due to a lack of ethical decision making.

An examination of the financial services industry and its role in the financial crisis is the subject of Notre Dame Ethics Week 2012, a series of lectures by financial experts sponsored by the Mendoza College of Business at the University of Notre Dame. The talks, which are free and open to the public, take place 12:30-1:30 p.m. on Feb. 13-16 in the Giovanini Commons located in the Mendoza College’s lower level.

Ethics Week speakers will discuss, “Financial Institutions: Fantastic Ones and Failed Ones,” with topics ranging from the role of ethics in the financial services industry to the risk factors associated with large firms.

The schedule is as follows:

·        Feb. 13: “Too Big to Exist?” by Tom Cosimano, finance professor and banking expert, University of Notre Dame

·        Feb. 14: “Success or Worth: What is True Net Worth?” by Randall Raciti, principal and financial advisor, The Healy Group, South Bend, Ind.

·        Feb. 15: “Ethics in the Financial Market place,” by Chris Murphy, chairman, 1st Source Bank, South Bend, Ind.

·        Feb. 16: “Financial Services: The Broken Promises,” by Tim Hart, president, Credibility Consulting, Washington, D.C.

Sponsored by Notre Dame's Mendoza College of Business, Ethics Week was established to encourage the discussion of ethical matters in undergraduate and graduate business classes at Notre Dame and to secure a foundation for future discussions inside and outside the classroom.

For more information about Notre Dame Ethics Week 2012, contact Brian Levey at (574) 631-3560 or blevey@nd.edu, or Jessica McManus at (574) 631-9182 or jmcmanus@nd.edu.