Banks plan new ethics council to engage with APRA
The major banks and Finsia are in discussions about forming the Professional Banking Council, which would oversee ethical standards for individual bankers and engage on their behalf with the prudential regulator.
The Professional Banking Council will be based on a similar body in Britain, which is overseen by Chartered Banker, a not-for-profit that is working with Finsia to develop the local version.
Read the full article on the Australian Financial Review.
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