Consumer education, self-regulation by banks, and even stronger enforcement efforts by government regulators all have failed to curb incidents of financial misconduct and unethical behaviour. This submission provides a possible solution that has so far been overlooked - sector-wide collective bargaining to establish uniform, ethical pay practices across the industry.

The Financial Markets Authority and Reserve Bank of New Zealand have completed their joint review into the conduct and culture of 11 New Zealand banks. The regulators identified significant weaknesses in the governance and management of conduct risks. These weaknesses have resulted in a number of issues that require remediation.

The purpose of this paper is to encourage leaders to adopt practical skills for working with values and ethics and integrating them into a broader view of technological development.

Consult Australia calls on all political parties to ensure that the governments they lead, or support, will behave ethically, fairly, and honestly in their dealings with the private sector. That is, for them to adopt a Model Client Policy, in line with governments’ Model Litigant Policy.

This is the fifth report produced by Baptist World Aid Australia examining labour rights management systems in the fashion industry.