Funds Management News

Banking, finance voted most unethical sector

Posted by Anton Murray Consulting on . Posted in Funds Management News


Australians have ranked banking and finance as the worst ethically performing sector, with fund managers being rated among the 10 least principled occupations. The findings were published in the Governance Institute of Australia’s Ethics Index for 2019, which has been based on a survey of more than 1,000 people about their views on ethical issues and conduct. Banking and finance had the lowest ethical rating (as voted by 31 per cent of respondents) and the highest unethical rating (49 per cent.)

Media and government followed the industry at the bottom of the charts. Governance Institute chief executive Megan Motto said the Hayne commission still has a hold on the public’s perception of finance. “The banking and finance sector continues to suffer from credibility issues following the Royal Commission into Misconduct [in] the Banking, Superannuation and Financial Services Industry,” Ms Motto said.

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