MAA250 Ethics for Financial Professionals

Required. Question 1
?Explain briefly your understanding of the facts of the case.
?Who were the stakeholders impacted in this case?

Question 2
?Applying your understanding of the ethical theories and principles learnt to date, how would you categorise the actions of the Directors, CEO and the CFO, with specific emphasis on the actions of the CFO
?Would you agree with their actions taking into consideration stakeholder expectations and the market competition?

Question 3
?Applying Kohlberg’s theory how would you categorise the actions of the Board, the CEO and the CFO.

Question 4
?Based on the facts presented what is your understanding of the culture of the bank taking into consideration the following statement by the CEO-“ In his evidence to the commission this week, CBA’s chief executive, Matt Comyn, admitted that the bank’s management culture needed to change but it was very hard to do so.
?What would be required to rectify and improve the culture and ethical standing of the bank?

Question 5
?Why did the CBA agree to pay $700 M fine without challenging it through the courts?
?Was the punishment sufficient in your view?

Question 6
?Having read the current “Banking Code” in your view has the bank failed in its adherence to the code- be specific in applying the banking codes.