The Asian crisis amply demonstrated that banks and non-bank financial institutions cannot indefinitely overstep ethical values. As one central banker has put it the crisis ‘increases the need for organisations to adhere to a strong set of values to steer them through the minefield of ethical choices with which they are faced as they make business decisions.
It is also necessary to ensure that the  BIS Review 14/2003  1  behaviour of the organisation is in practice aligned with these values and that employees buy into them, so that the organisation actually practises what it preaches.’ Bankers occupy a position of trust.