The principles of The Banking and Finance Oath (The BFO) complement and reinforce the norms of conduct highlighted by Commissioner Hayne in the Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. In the Report Commissioner Hayne emphasises the need for institutions and staff in the financial services industry to have a clear understanding “of what is ethical, of what is efficient, honest and fair, of what is the 'right' thing to do”.

Through awareness and education The BFO aims to continually improve our society by strengthening the ethical foundation of the financial services industry beyond regulation, compliance and professional standards.

This portal is an effort to provide access for individuals working in the financial services industry to build their knowledge and strengthen their ethical foundation, sharpen their ethical lens and as a result, avoid unthinking practices. The BFO in partnership with other industry associations and universities is proud to be offering access to various training programs, research, reources and case studies.



Each day, countless decisions are made within organisations of all shapes and sizes. An Ethics Framework provides a compass for those choices.

A solid Ethics Framework offers a clear statement of what an organisation believes in and what standards it applies. It’s a roadmap for good decisions, and if it’s lived throughout an organisation, it’s also a guide to making that organisation the best version of itself. Fundamental to good business, every organisation should have an Ethics Framework to guide decision making; from Apple, Amazon and ANZ, to the Nedlands Netball Association.

A Guide: Purpose, Values, Principles 

Article: Why purpose, values, principles matter


Training programs, research and resources

Video series

Ethics in Business:
In Their Own Words

Carnegie Council Website

Ethics Learning Lab

Welcome to the CFA Institute

CFA Institute Website

Financial Services Institute of Australasia 

Find out more about FINSIA's range of
professional qualifications. 

FINSIA Website

Research papers

Stronger Risk Controls, Lower Risk: Evidence from U.S. Bank Holding Companies
By Andrew Ellul and Vijay Yerramilli
Journal of Finance, (August 31, 2012).


Customer Advocate Discussion Paper
June 2020
The BFO greatly appreciates the work put into developing this paper by The Ethics Centre.

Read the Discussion Paper >>

Moral and Strategic: Re-establishing Corporate Legitimacy
August 2018
Academic research presented by Dr Rosemary Sainty

Read the Discussion Paper >>


Embedding The BFO: Best practice case studies from across financial services

Best practice tips

How to embed The Banking and FInance Oath in your organisation

Koda Capital: A Banking & Finance Industry Copyright Case Study

Find out more about ethical leadership and sales training with  Integrity Solutions.

Integrity Solutions: Ethical Culture Training - Teachers Mutual Bank Case Study


Case study coming soon
Case study: Focus on culture - Bringing The BFO to life at Koda Capital 

Case Study: Implementing The Banking and Finance Oath at Rabobank Australia

If you have a case study you'd like to share please email

Links and Downloads
Link Summary Format Size
The BFO greatly appreciates the work put into developing this paper by The Ethics Centre.
pdf 517 Kb

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.