This paper examines the role of the Royal Commission's report in promoting ethical practices, accountability and integrity in the industry. The paper specifically focuses on the tasks of theoretical perspective in shaping ethical business behaviours by financial institutions. The paper comprises of five main parts. The first part is this introduction. This second part helps the reader to understand the theoretical perspective of the topic by exploring the theory of justice. The third part examines the application of the theory of justice in business. The fourth part aligns Rawls' theory of justice with what the Royal Commissioner is saying in the report. The fifth part offers a recommendation of the players in the Australian banking sector on the best ways to observe ethical behaviours.