Heinemann, Simone2019-09-252019-09-252012-01-2020111422-4658http://hdl.handle.net/20.500.12424/182761"Derivatives do not simply provide a means to exchange financial risk but in fact can also create risks and future uncertainties which might be – in certain cases – ethically inacceptable. First, I will show that, from a social perspective, the transformation and dispersion of risk caused by trading derivatives might pose ethical problems since derivatives have been involved in the financial crisis 2007 - 09 as well as in other disastrous financial debacles. Secondly, I will identify three criteria or guidelines which are indispensable when dealing with financial risk, especially when trading derivatives. Integrating these guidelines into theory and practice can help market participants understand that taking risks responsibly is part of a necessary framework for promoting ethics and integrity in finance."(pg 45)engWith permission of the license/copyright holderethics of financeEconomic ethicsBusiness ethicsEthics of economic systemsArticle