Financial Services - Sydney, NSW, AU
The Banking and Finance Oath (The BFO) is an initiative of industry leaders, launched in 2012 following the global financial crisis, in affiliation with The Ethics Centre. The BFO is an effort to improve our society by building trust and confidence in the financial services industry by strengthening the moral and ethical foundation beyond regulation, compliance and any professional standards, and by broadening expectations and discussions to include ethics, integrity and honesty.The Oath contains a set of commitments that individuals can freely adopt and apply as personal principles in their work, encouraging self-reflection and ethical decision-making. These are principles that 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 which 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". These are the values that underpin the Oath.
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The Banking and Finance Oath (The BFO) is an initiative launched in 2012 by industry leaders in affiliation with The Ethics Centre, aiming to improve society's trust and confidence in the financial services industry. The BFO is a set of commitments that individuals can freely adopt and apply as personal principles in their work, encouraging self-reflection and ethical decision-making. These principles 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, emphasizing the need for institutions and staff in the financial services industry to understand what is ethical, efficient, honest, and fair. The BFO is an effort to strengthen the moral and ethical foundation beyond regulation, compliance, and professional standards, and to broaden expectations and discussions to include ethics, integrity, and honesty. The organization's website, thebfo.org, provides more information on the Oath and how individuals can adopt it in their work. With a focus on building trust and confidence in the financial services industry, The Banking and Finance Oath is a step towards creating a more ethical and fair industry.
The Banking and Finance Oath is a promise made by people in the financial industry to do their jobs in an ethical and honest way. It was created in 2012 after the global financial crisis to help rebuild trust in the industry. The oath is a set of principles that individuals can follow to make sure they are acting with integrity and making ethical decisions. It goes beyond what is required by law and professional standards, and encourages people to think about what is the right thing to do. The oath is voluntary and is meant to help people in the financial industry make decisions that are fair and good for society. It is based on the idea that ethical behavior is important and that people should understand what is right and wrong.