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The financial crisis has focused unprecedented attention on ethics and ethical failures in investment banking. Investment banks, as well as politicians and regulators, have accepted the need to revisit ethical standards. This bookexplores the meaning of 'ethics' in investment banking and the capital markets and develops aframework for assessing and managing investment banking ethics.It provides a guide to the high profile concerns arising from the financial crisis, as well as discussing day-to-day ethical challenges. Essential reading for investment bankers, MBA students, regulators, ethicists and those seeking to understand investment banking.