Meet the young bankers determined to lift ethics as Hayne scars heal

Wednesday 2 June 2021
by James Eyers, Senior Reporter, AFR
Reserve Bank governor Philip Lowe and former APRA chairman John Laker say they are impressed with young bankers displaying a heightened understanding of personal accountability, in a sign the scars inflicted by the Hayne royal commission are healing.

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.

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.

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.

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 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.

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.

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.