Melbourne 2011 Ethics Call for Participation

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    CALL FOR PAPER & PARTICIPATION IN A MELBOURNE CONFERENCE

    ETHICS IN FINANCIAL TRANSACIONS & SOCIETY: THE WAY FORWARD

    September 17 & 18 - 2011 (Saturday-Sunday)

    Asia Institute, Sidney Myer Asia Centre, Corner of Swanston Street & Monash RoadThe University of Melbourne VIC 3010 Australia

    The next conference on ethics-based financial transactions is jointly organized by the ARCLinkage Grant Team in Bond and Monash Universities; The University of Melbourne (NationalCentre of Excellence for Islamic Studies and Centre for Applied Philosophy and Public Ethics-CAPPE;the Key Centre for Ethics, Justice and Governance at the Griffith University; and LaTrobe University Islamic Banking and Finance program. Three previous meetings/symposia inMelbourne during 2006-2009 on ethics-related banking and finance received good responsesfrom academia, industry, the wider community and research scholars. A book (publisher:Edward Elgar UK-USA) and five journal articles have been published after blind review ofpapers discussed at those meetings.

    Two keynote addresses will be made by eminent scholars and industry leaders: CharlesSampford, Law-cum-ethics Professor and President of International Institute of Public Ethics;and Michael Drew, Managing Director of a leader in investment and advisory service firm, QIL.There will also be two special paper presentations: their names will be announced as soon asinvitations are confirmed.

    The 2011 event is proposed on a broader theme of what has become a critical issue after thedevastating effects on the worlds financial infrastructure from the Global Financial Crisis.Commentators have accused that the Crisis arose from self-serving policies of leaders ofmodern banking and finance acting in ways devoid of basic ethics guiding financialtransactions. Further, serious thinkers point to several key modern banking practices (moralhazard; poor risk transfer; untested derivative instruments, etc.) for the financial systemcollapse in 2007-08. So much effort is being made in 2010-11 to reform the broken system, butnot much has been queried from the points of view of human ethics on how financialtransaction should be fashioned. This is the issue for this 2011 Ethics Conference.

    A gathering of ethics and finance thinkers, while the worlds leaders are designing a new

    financial system, would be a good forum to discuss how serious are departures from thereceived knowledge of human ethics guiding financial transactions. The conference papers canbe on any topic covering ethics, it could also be from a particular religious perspective (Islamicfinance; ethical practices; prudential regulations and ethics; law and ethics; business ethics;investor protection; etc.)

    Broader human ethics as evolved over the millennia

    Do ethics have welfare-promoting potential for society? Modern banking and finance practices and ethics Ethics in financial transactions in pre-modern finance Do ethics enter in designing financial products today? Excessive interest, fees, profits in modern finance?

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    Ethical banking and finance Ethics in risk-shared or not risk-shared financing? Banking: Risk management & Treasury operation Religion as a source of ethical pursuit in humans Untested new financial instruments as bet-based transactions Islamic or Christian or Jewish financial principles and ethics Are third party damages in two-party contracts just? Superannuation/pension fund management and ethics Group of 20 deliberation and results to-date Low capital adequacy and too-big-to-fail burden on taxpayers

    The aim of this research-based conference series is to encourage open discussion leading toquality publications: authentic books, refereed journal articles, and conference proceedings. Allpapers will be carefully peer-reviewed by scholars and by industry experts (presenting industrypapers) in order to provide a forum for advancing the pursuit of ethics-based financial practices

    in the post-Crisis era as envisioned in the ongoing discussions by the Group of 20 to reform theworld financial infrastructure.

    The chief guests giving keynote addresses are eminent persons in the industry and inacademia. At a later date when all speakers are confirmed, the web site will provide updates tothe readers intending to participate: a number of speakers are now confirmed. Several moreeminent industry practitioners and scholars will be involved, and their invitations are pendingdecision.

    Program Committee:Mohamed Ariff (co-chair) Professor of Finance, Bond University

    Abdullah Saeed (co-chair) Professor & Director, NCEIS, University of MelbourneAndrew Alexandra, Director CAPPE, University of MelbourneMohamad Abdalla, Assoc Professor, Griffith UniversityIshaq Bhatti, Assoc Professor, La Trobe UniversityProf Kevin Davis, Professor & Director of MCFS, MelbourneMichael Drew, CEO QIC Ltd. Concurrently Professor, Griffith UniversityMervyn Lewis, Professor of Banking, University of South AustraliaConstant Mews, Professor of Religion, Monash UniversityCharles Sampford, Key Centre for Ethics, Justice and GovernanceMichael Skully, Chair in Banking, Monash University

    CONFERENCE DETAILS:

    The conference will be held at the University of Melbourne facilities located in the Asia Institute,Sidney Myer Asia Centre, corner of Monash Road and Swanston Street right in the heart ofMelbourne city. Hotel accommodations are available, and contact details will be posted later inthe Conference web site.

    The accepted conference propers will be presented on 17 September; the commissionedspecial papers will be presented on 18 September in a plenary session. Some of the paperswill be selected for publication in a rated journal: the commissioned papers will be edited andpublished internationally as a book tentatively titled Financial Ethics in Restructuring FinancialSystems?

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    PAPER SUBMISSION PROCEDURE:

    The submission deadline is Friday July 29, 2011. An extended abstract may be sent by15 July 2011, if a paper is not ready. Paper writer(s) will be notified of the Review Committee's

    decision by August 15, 2011. The registration fee is AUD$290 (special price for earlyregistration, before July 1, 2011, the fee is AUD$240) collected through credit cardauthorisation via the web site: or paid on day of registration. Cost for postgraduate students is

    AUD$145 (AUD$120 for early registration, before July 1, 2011). The conference paper, if foundto be relevant, may be considered for inclusion in the book as commissioned paper. Theconference participation fee includes the welcome reception morning drinks and lunch duringthe conference days.

    Paper submissions:

    Submissions can be directed to Ramila Chanisheff [email protected]

    Inquiries about the conference may be sent to:

    Ramila Chanisheff: +61 3 8344 3559 E-mail:[email protected]

    PROGRAM CO-CHAIRS:Mohamed Ariff Abdullah Saeed

    Email: [email protected] [email protected]: + 61 7 5595 2296 + 61 3 8344 3559

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