The first edition of the Master Programme, which started on 19 March 2013 for one year , has for objective to sustainably change the banking industry .
After their first month, students coming from 7 different countries from Europe, Africa and Latin America, express great satisfaction with the Master: Banco Estado de Chile Senior Economist Fernando Ochoa says, “I really appreciate the professor’s assessments of the business cases, his sharp analysis and lessons from the financial crisis, and his willingness to share his ample knowledge and experience. I’m learning so much through our online interaction.”
Every cloud has a silver lining. Banks are restructuring, confidence has tanked – but their customers are talking. They want to deal differently with banks and expect them to return to their original function: financing the real economy. Customers also expect banks to show a real and true commitment to the economy and society as a whole.
Over the past years we have seen the rise of mass retail banks that aim to be sustainable and socially responsible. Though, what is it to be responsible? What does it entail? How far can a bank go?
The Executive Master in Responsible Banking (RB) is a one-year programme designed for bankers and future financial service providers who wish to sustainably change the banking industry. Organised by three major international players in the banking and academic sectorsit delivers two specialisations, one in retail banking, the other in corporate banking. Each chapter is analysed from a responsible management perspective emphasising the bank’s economic role and its impact on social welfare and the environment. The Master’s online modular setup is enriched with local study visits and meetings to financial institutions and academies in order to illustrate content and facilitate professional exchanges. Coaching sessions are planned to reinforce the Master’s course insights. Programme accreditation ensures the highest quality of instruction.
A MASTER IN RESPONSIBLE BANKING
Responsible banking encompasses a strong commitment by the banks to sustainable development and requires them to address corporate social responsibility as an integral part of its business activities. Responsible banking principles include:
Fair and transparent corporate governance
Fair and clear relations with customers
The provision of useful and appropriate products and services that improve the financial well-being of customers
Responsible investment through the integration of environmental, social, governance (ESG) and ethical issues into financial analysis and decision-making
The promotion of financial accessibility and inclusion
The promotion and provision of financial education policies and instruments
Making a responsible contribution to the community
Being a responsible employer through the application of fair and equal treatment of all staff
Contribution to financial stability
Responsible banking emphasises the bank’s primary socio-economic role as a provider of sustainable welfare to both the citizen and the economy.