APRA names trio for CBA inquiry

Monday 11 September, 2017
The chairman of an organisation charged with upholding ethical standards in the finance industry will head a regulatory inquiry into the Commonwealth Bank’s culture and governance.

In an appointment that sends a symbolic message to the CBA, Banking and Finance Oath chairman John Laker will lead the Australian Prudential Regulation Authority’s three-member panel to undertake a six-month inquiry.

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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.