Press

Commerce student promotes ethics in finance as BFO Young Ambassador

Friday 19 June 2020
by The University of Sydney Business School
Bachelor of Commerce student Ricky Rangra has been selected as a 2020 Banking and Finance Oath Young Ambassador, with a mission to build integrity in the financial services industry.

NAB's back-to-school push is a turning point for bankers

Wednesday 10 June 2020
by Chanticleer, Australian Financial Review
National Australia Bank's decision to put all of its bankers through training courses could be the beginning of an industry-wide standard that lifts professionalism and ethical standards.

NAB's McEwan sends all 34,000 staff back to school

Wednesday 10 June 2020
by James Frost, Australian Financial Review
NAB chief executive Ross McEwan is sending the bank's entire workforce of around 34,000 employees in Australia and New Zealand back to school to sit a "Banking 101" course at a cost of around $50 million over three years.

The BFO and RBA Governor Lowe announce 2020 cohort of Young Ambassadors

Tuesday 19 May 2020
by Adviser Voice
The Banking and Finance Oath (The BFO) is proud to introduce the 2020 cohort of Young Ambassadors – a Program encouraging and supporting students, graduates and young people to contribute to a strong ethical foundation as they begin their careers in the banking and finance industry.

Risking it to support the economy

Friday 29 May 2020
by ANZ Bluenotes
Banks and financial institutions are playing a critical role in stabilising Australia's economy during the COVID-19 pandemic. They are providing financial resilience and a reassuring sense of stability at a time of great uncertainty.

RBA’s Lowe announces nextgen leaders in ethics

Thursday 21 May 2020
by AB+F
The Reserve Bank governor Philip Lowe has announced details of this year’s young ambassadors program, which includes seven young leaders in the area of ethics.

Media release: The BFO and RBA Governor Lowe announce 2020 cohort of Young Ambassadors

Monday 18 May 2020
The Banking and Finance Oath (The BFO) is proud to introduce the 2020 cohort of Young Ambassadors – a Program encouraging and supporting students, graduates and young people to adopt a strong ethical foundation as they begin their careers in the banking and finance industry.

SME challenger bank, Judo Bank, attains unicorn status

Monday 18 May 2020
by FinTech Magazine
Judo Bank, an Australian fintech, has become a unicorn after raising $148mn in fresh equity at a post-money valuation of $1bn The raise, the result of ...

From the Ethics Centre - If its not illegal, should you stop it?

Tuesday 4 February 2020
The ethics centre's Fiona Smith has pubilshed an article challenging the audience to think about the ethics of practices even if they aren't illegal. We would recommend all the BFO signatories read this article.

Oath! It's Friday

Friday 15 November 2019
In Parliament on Friday 15 November 2019, Chair of the Standing Committee on Economics, Tim Wilson MP raised the topic of The Banking and Finance Oath.

The BFO invites future leaders in financial services to be ambassadors for ethics

Monday 11 November 2019
The Banking and Finance Oath (The BFO) has announced applications are now open for its Young Ambassador Program. The Program encourages and supports students and graduates to adopt a strong ethical foundation as they begin their careers in the banking and finance industry.

The Banking and Finance Oath and MetLife encourage industry to rebuild trust

MetLife Australia have worked with the The Banking and Finance Oath to encourage other financial services organisations to back lifting ethical standards across the industry, by supporting their employees to take the Oath. MetLife is the first insurer to support The BFO at an organisational level, by encouraging its own staff to take the Oath, as a step towards rebuilding the reputation of the industry.

Bankers: take the Banking and Finance Oath

Monday 7 October 2019
by Alan Kohler, The Australian
In this article, The Australian's Alan Kohler questions why in a financial services industry of 400,000 people, less than one percent have taken the Oath, presenting a great case for why there really is no excuse for not supporting this important ethics initiative. John Laker (pictured) is Banking and Finance Oath chairman. Photo: Adam Yip

ABA chief calls for 'tolerance of failure'

By By Tas Bindi, The Adviser
The head of the Australian Banking Association has called for “tolerance of failure”, “flexibility” in regulatory lending guidance, and a “careful” approach to drafting the best interests duty for brokers to ensure meaningful and sustainable changes are made in the industry post-royal commission.

Bank watchdog wants self-regulation 'revived' not written off

Friday 9 August 2019
By Clancy Yeates, SMH Business Reporter The banking regulator has launched a defence of self-regulation in finance, saying such a system is essential but the industry must lift its game and do "the right thing" by customers, even if it means missing out on business.

'Lousy ethics': Sims vows to outlaw 'first mover' excuse

Friday 9 August 2019
by By James Eyers, Senior Reporter, AFR
The chairman of the competition regulator, Rod Sims, wants the government to create a new law against "unfair trading practices", which would not only allow him to tackle the technology platforms but lift standards in the banking sector.

Oath speakers believe banks can change

Tuesday 30 July 2019
By Alex Sampson, Banking Daily
Australian banks and their bosses are capable of change. That will be the message at the Banking and Finance Oath conference next month.

The Banking and Finance Oath launches first ever ad campaign

Monday 1 April 2019
For the very first time, The Banking and Finance Oath (The BFO) is undertaking an advertising campaign using the Australian Financial Review (AFR) as its media channel of choice to target professionals working in the banking and finance industry.

"Employees under pressure": The BFO's Cris Parker at the AFR Summit

Friday 29 March 2019
At the AFR Summit this week on a panel looking at 'The challenge of re-establishing trust' with Colin Neave AM, ANZ, Deen Sanders OAM, Deloitte, and Mike Baird, NAB, Cris Parker brought the employees of a post-Hayne era sharply in to focus, encouraging organisations not to lose sight of their most important asset.

Broker Magazine: Trust is the Foundation of my profession

Friday 8 February 2019
By Jodi O'Callaghan, Executive Officer, The BFO: 'Trust is the foundation of my profession'. These are the powerful opening words of The Banking and Finance Oath (The BFO) and for finance professionals, they're words you want to be able to say with pride. But how do those words translate when trust is top of mind for customers, given some of the abhorrent cases being revealed in the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.
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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.