MAA250 – Ethics and Financial Services Part C – overview What are the key areas of this section to consider? Communicate from a stakeholder impact perspective What is the link between rewards and...

Please only do part C and D, no need to do part A and B and please use only online resources (online articles, journals etc)



MAA250 – Ethics and Financial Services Part C – overview What are the key areas of this section to consider? Communicate from a stakeholder impact perspective What is the link between rewards and punishments for breaches of Codes, regulation, legislation and expected professional conduct and corporate governance? What behaviours have been rewarded and punished in the past and their impact? Civil breaches versus criminal prosecutions and unconscionable conduct? Who have been responsible for these breaches and failings? What recommendations have been suggested to date? What further recommendations do you foresee that the Commissioner may make and why? Role of government, regulators and the right to self-regulate? What impact will these proposed changes / recommendations / punishments have on the sector? What impact do the severity of punishments have on future behaviour and banking / executive / corporate governance practices? 1 Deakin University CRICOS Provider Code: 00113B Part D – overview What are the key areas of this section to consider? Global citizenship / awareness / of the profession to be examined / evaluated and compared Have their been similar failings in the banking sector overseas Role of government and legislation overseas What role does the Australian government play in our banking sector, in comparison to overseas and global markets ? What role do the regulators (i.e. ASIC, APRA, ASX Corporate Governance principles) play in our banking sector? Impact of de-regulation (e.g. USA) and repeated failings as the lead up to the GFC? Likely impact of culture – does it make any difference? 2 Deakin University CRICOS Provider Code: 00113B MAA250 – Ethics and Financial Services Part C – overview What are the key areas of this section to consider? Communicate from a stakeholder impact perspective What is the link between rewards and punishments for breaches of Codes, regulation, legislation and expected professional conduct and corporate governance? What behaviours have been rewarded and punished in the past and their impact? Civil breaches versus criminal prosecutions and unconscionable conduct? Who have been responsible for these breaches and failings? What recommendations have been suggested to date? What further recommendations do you foresee that the Commissioner may make and why? Role of government, regulators and the right to self-regulate? What impact will these proposed changes / recommendations / punishments have on the sector? What impact do the severity of punishments have on future behaviour and banking / executive / corporate governance practices? 1 Deakin University CRICOS Provider Code: 00113B Part D – overview What are the key areas of this section to consider? Global citizenship / awareness / of the profession to be examined / evaluated and compared Have their been similar failings in the banking sector overseas Role of government and legislation overseas What role does the Australian government play in our banking sector, in comparison to overseas and global markets ? What role do the regulators (i.e. ASIC, APRA, ASX Corporate Governance principles) play in our banking sector? Impact of de-regulation (e.g. USA) and repeated failings as the lead up to the GFC? Likely impact of culture – does it make any difference? 2 Deakin University CRICOS Provider Code: 00113B