Clicky

Call to let bank employees talk to Royal Commission

Following the release of official media statements indicating that Non-Disclosure Agreements will not be relied on to silence bank employees from communicating with the Royal Commission, the Finance Sector Union (FSU) of Australia says banks need to communicate clearly to their workers what this means for them.

FSU National Secretary, Julia Angrisano, said bank workers needed written assurances from their employees that permitted them to communicate with the Royal Commission without jeopardising their employment.

“Under normal circumstances, it is impossible for current bank staff to speak to anyone about their employer because of stringent codes of conduct which the banks all routinely use to silence workers,” she said.

Related News:

“If the banks and the community are to benefit from the change this Royal Commission could bring to banking, then ‘whistle-blowers’ inside the system must be encouraged to come forward.” 

Ms Angrisano said the Royal Commission required full disclosure in order to reveal the truth surrounding banking scandals and to see the return of customer-focused service rather than the relentless pursuit of sales targets.

“We need this Royal Commission to get the full and complete picture about the culture and excesses in banking,” she said.

“It is essential that the banks’ ‘dirty laundry’ is properly aired and that the Royal Commission is able to reveal the full facts about banking scandals, the ones we know about and the others that the inquiry will unearth, which have dragged down the reputation of our banks.”




Related Content

SMSFs pull back from banks post-RC

Self-managed superannuation fund (SMSF) trustees seem to have been turned off investing in large institutions such as banks by the Royal Commission in...Read more

VOFF demands Royal Commission recall Medcraft from France

Victims of Financial Fraud (VOFF) has called for former Australian Securities and Investments Commission (ASIC) chair, Greg Medcraft, to be recalled f...Read more

FINSIA launches professional qualification in banking

Reflecting the wider move toward professionalisation in the financial services industry, the Financial Services Institute of Australasia (FINSIA) has ...Read more

Author

Comments

Add new comment