Final answer:
The guiding principles for banks by the Australian Bankers' Association in 2016 emphasized confidentiality, support, and reporting for whistleblowers, resonating with similar historical legislation in the United States designed to protect individuals who expose organizational misdeeds.
Step-by-step explanation:
In 2016, the Australian Bankers' Association released guiding principles designed to improve protections for whistleblowers within banks. These guiding principles include confidentiality, ensuring support for the whistleblower, and proper mechanisms for reporting misconduct. The principles resonate with historical efforts such as the Civil Service Reform Act of 1978, the Whistleblower Protection Act of 1989, and the Whistleblower Protection Enhancement Act of 2012 in the United States, all intended to protect individuals who disclose organizational misdeeds. Disclosure requirements, transparency, and the right to report misconduct are central to safeguarding the integrity of financial institutions and the individuals who come forward with information.
Considering the multiple examples from the U.S. history of whistleblower legislation and the emphasis on transparency and accountability in financial systems, it is evident that option 1: Confidentiality, support, and reporting reflects the guiding principles set forth by the Australian Bankers' Association. These principles are crucial for maintaining an ethical banking environment and encouraging the publicization of any wrongdoing without fear of retaliation.