IndexMain bodyConclusionLists of referencesThis report is built primarily on an official document Final Report: Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry published by Kenneth Hayne all At the beginning of 2019, we will analyze these recommendations for better regulation of the Australian financial services sector. In business, ethics is an important perception of governance and sustainability, so the degree of ethical awareness dominates the key to sustainable governance. Business controls the world's resources and makes judgments that impact these resources and the lives of millions of people on a daily basis, so those in business must understand various ethical ideas to guide their decisions. (Birt et al. 5th edition, Chapter 2 - Corporate Sustainability, pp. 53-62). This report will provide an example of a real entity in the financial services industry to in-depth discuss the ethical misconduct underlying the key recommendation: Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original EssayMain BodyThe Hayne Report exposes many ethical misbehaviors in the financial services industry. Three of these key recommendations to regulate this complicated industry situation include: Misconduct by mortgage brokers resulted in 20 Australian National Bank employees being dismissed after issuing a mortgage due to inappropriate or incomplete application documents (Hayne Royal Commission into Misconduct in the Banking, Superannuation, and Financial) Service Industry. Repot Volume1, page 116); financial advisor misconduct resulting in bank and financial services company clients losing millions of dollars due to the financial advisor's insufficient financial advice (page 239) and failure to sell products pensions as consumers are encouraged to purchase additional life insurance policies under employer purchase insurance policies by default (page 275). According to Financial Review's description, there is an example of financial advisor misconduct at AMP Limited, the financial advisory giant: a couple bullied into investing in high-risk investment choices, and then fail to find their advisor for more than a year (https://www.afr.com/business/banking-and-finance/banking-royal-commission-amp-says-80-advisers-involved-in-misconduct-20180416 -h0yt6u). Therefore, it has been identified as “dishonest”, “illegal” and “fraudulent” ethical misconduct. When the AMP Limited ethics scandal appeared, its key stakeholders were largely influenced in their interests. For its customers, existing customers would lose their royalties and dependence on the company. Additionally, you will lack potential customers who could bring in a lot of business and investment. For its shareholders, corporate profits, dividends and share prices will face pressure as core businesses have suffered loss of income and investors have shifted to alternative investment products. Furthermore, the activity would be further enforced and regulated by taxes and fines by the Royal Commission. Its employees would be less productive and willing to leave because they are disappointed and dissatisfied with management and employers. For its director, it was essential that the conduct and lack of responsibility/