Essay about What Is Culture? - 316 Words.
The focus of this blog post is on the issue of culture in banking. The scandals surrounding British banking in recent years are well known: the banking crisis, several examples of banks mis-selling financial products to vulnerable consumers, attempts to rig LIBOR and manipulate the foreign exchange market, and mistreatment of SMEs.
In conclusion, language is not the only way to learn a culture but there are more important things like following rules and regulations when it comes to clothing, socializing, religion and food. Hope you can rate and correct this Culture Essay.
The Importance of Culture Culture can be defined as the arts and other manifestations of human intellectual achievement regarded collectively. It can also be understood as the ideas, customs, and social behavior of a particular people or society.Therefore, it’s the shared patterns of our behavior and interaction which are learned through socialization.
The credit culture of a bank is a blend of the policies, practices and experiences of the bank. It provides lenders with a common compass to guide them. A strong credit culture is what empowers lenders to act consistently and in the spirit of the bank’s policies and expectations. It gets and keeps everyone marching in the same direction.
Therefore, understanding how bank culture affects financial stability is a question of first-order importance. In our recent paper, we examine whether and how corporate culture of banks affects their risk-taking behaviour. We focus on bank lending, as a specific channel through which culture can affect risk-taking decisions.
Banks, hence contribute to the economy of a country and also help to raise the standard of living of the people. One of the major advantages of a banking system is the security offered by the banks. You do not have to worry about your money, once it has been deposited in these institutions.
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