Scenario A:

You are an investment performance analyst for a fund management company. After providing client account investment performance reports to the client-facing departments, you notice the reporting system missed a trade. These reports have not been finalised and released to clients. Correcting the omission in the report will result in a huge loss for a client. This client had previously expressed concern about the under-performance of its funds under your firm's management and expressed that it may terminate the contract with your firm if these investments continue to underperform.(7 marks)

Scenario B:

You are a senior manager of a bank in charge of the corporate lending department. You are responsible for the oversight of the approvals of loans, loan documentation, risk assessment, valuation and models and all other areas associated with corporate banking. You have delegated each of the tasks mentioned above to specific teams. It has recently been brought to your attention that a particular loan that did not pass the risk assessment test had been approved and that you had signed off on it. The loan is now being processed for documentation and the client had been informed that the loan was approved.

(8 marks)

Required:

Based on both scenarios above, describe each situation from the perspective of integrity.