The role of risk in the banking industry

Press/Media: Other

Description

A year on from the royal commission into the ethical failures of Australia’s finance industry, you might wonder if the banks and insurance companies learned any lessons.

Westpac was recently caught in the most sordid scandal, when people using child pornography used the bank to transfer money to overseas accounts.

Meanwhile, AMP opened new accounts for aggrieved customers, without their knowledge, then charged them fees.

For one of Australia’s most respected experts in business ethics, sadly, it wasn’t a shock. Professor Elizabeth Sheedy of the Macquarie University Business School is co-author of a new study of unethical behaviour in major organisations.

Her paper won a major international award. It was triggered by one of the more shocking cases that emerged during the royal commission.  

Subject

The role of risk in the banking industry

Period3 Feb 2020

Media contributions

1

Media contributions

  • TitleThe role of risk in the banking industry
    Degree of recognitionInternational
    Media name/outletABC Religion & Ethics
    Media typeTelevision
    Duration/Length/Size10 Minutes and 58 Seconds
    CountryAustralia
    Date3/02/20
    DescriptionA year on from the royal commission into the ethical failures of Australia’s finance industry, you might wonder if the banks and insurance companies learned any lessons.

    Westpac was recently caught in the most sordid scandal, when people using child pornography used the bank to transfer money to overseas accounts.

    Meanwhile, AMP opened new accounts for aggrieved customers, without their knowledge, then charged them fees.

    For one of Australia’s most respected experts in business ethics, sadly, it wasn’t a shock. Professor Elizabeth Sheedy of the Macquarie University Business School is co-author of a new study of unethical behaviour in major organisations.

    Her paper won a major international award. It was triggered by one of the more shocking cases that emerged during the royal commission.
    Producer/AuthorAndrew West
    URLhttps://www.abc.net.au/radionational/programs/religionandethicsreport/the-role-of-risk/11957718
    PersonsElizabeth Sheedy