The BFO's Cris Parker takes her idea to the House

Friday 5 October, 2018
by Cris Parker
The BFO’s Cris Parker took her idea of 'It’s time to start believing in the inherent good of our financial services sector' to the TedXSydney stage at the Opera House recently, when she was selected out of 180 submissions to be one of 20 finalists to pitch her idea ahead of the 2019 event.

It’s time to start believing in the inherent good of our financial services sector.

Strip away the logos and branding, strip away the corporate structures and systems and you have people. People who want to have a purpose, who do good work and want to go home to their families and friends and be proud to say what they do for a living.

The Royal Commission into the banking and finance sector is exposing the worst of the worst.

So how do individuals in that industry find their moral spot, calibrate their moral compass when everything around them looks corrupt? When they are treated like they can do no right?

That’s why now is the time for us to support an industry initiative called The Banking and Finance Oath.
It is literally an Oath that people in the industry voluntarily take themselves. A promise they make to themselves, to their peers and society to be accountable.

  • To Act with integrity
  • To speak out against wrongdoing and support others who do the same
  • To be responsible for their actions, particularly when things go wrong

Therefore helping to build a more just society.

The BFO is not making anyone do the right thing, most people want to. It helps prevent unthinking practices and creates a common language so that 'business as usual' is something we can all be proud of.

This is not about forgiveness, that would be premature and is not my place to ask.

It can be so satisfying to hate and to blame; but what then?

Our society needs an ethical and trustworthy banking and finance system to function well. The cultures with in those systems are led by individuals. The Banking and Finance Oath gives those people the power to demand integrity in their work place and help rebuild the much-needed trust that has been lost.

We should support them. If we lose our trust in humans, what else is there?

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The Oath

  • Trust is the foundation of my profession.
  • I will serve all interests in good faith.
  • I will compete with honour.
  • I will pursue my ends with ethical restraint.
  • I will help create a sustainable future.
  • I will help create a more just society.
  • I will speak out against wrongdoing and support others who do the same.
  • I will accept responsibility for my actions.

In these and all other matters;
My word is my bond.

The Vision

A banking and finance industry that meets the community’s needs and has its full confidence thereby fulfilling its integral role in society.