Since the fallout of the Global Financial Crisis, the reputation of the financial services industry has been on the back foot. Many people suffered financial and emotional distress at the hands of the industry, and those working within the sector must now repair the damage done to the reputation of their profession.
The Banking and Finance Oath (BFO) is an industry-led initiative which was established in 2012 to restore trust and encourage ethical behaviour in the financial services industry. The Oath contains a set of commitments that individuals working in the banking and finance industry adopt and apply as personal principles in their work.
The Ethics Centre provided a neutral platform that allowed competing organisations within the banking and finance industry to come together under the shared values and principles of the oath. The BFO is now a separate and independent entity with a membership of over 500.
Trust is the foundation of my profession.
I will serve all interests in good faith.
I will compete with honour.
I will pursue my ends with ethical restraint.
I will help create a sustainable future.
I will help create a more just society.
I will speak out against wrongdoing and support others who do the same.
I will accept responsibility for my actions.
In these and all other matters;
My word is my bond.
To find out more about The Banking and Finance Oath visit thebfo.org