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Ethics in banking? That's a negative

Ruth Williams |  16 August 2018  |  Investing

Counsel assisting the commission, Michael Hodge QC, centre.Financial institutions charging fees for no service. Banks charging dead people. AMP misleading the regulator. Super funds obscuring the truth from their members.

For the banking, finance and insurance sector, the Hayne royal commission has been a cavalcade of damaging revelations and allegations. The Governance Institute of Australia's third annual Ethics Index, based on Ipsos research, shows these and other scandals have had a devastating impact on how the sector is perceived.

 


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