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Bank codes of conduct: add bars to the window dressing and make them legally binding

  • Written by Benjamin Koh, Honorary Associate, Faculty of Business, School of Management, University of Technology Sydney
Bank codes of conduct: add bars to the window dressing and make them legally bindingTo protect bank customers, the law could mandate behaviour defined in a code of conduct to be strictly liable, and breaches criminal.Shutterstock

Banks don’t need 10 commandments to do the right thing, but just six, says the head of the banking royal commission.

The first of those commandments set out by Commissioner Kenneth Hayne is to...

Read more: Bank codes of conduct: add bars to the window dressing and make them legally binding

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