If you didn’t see Tuesday’s video of the hapless employee at Australian bank, Macquarie, looking at racy photos of a model whilst being recorded on live  TV, click here.

The incident has sparked a national debate in Oz about internet policies at work and led to an announcement by the bank…

Inc: Macquarie announced that the bank “takes matters such as the unacceptable use of technology extremely seriously” and that the matter “is being dealt with internally.”

The bank – currently expanding in the U.S. – proceeded to e-mail its 11,500 staff worldwide with a copy of its Internet policy, telling them to “familiarise themselves,” reported The Australian newspaper. Kiely – who’s worked at the bank nicknamed the “Millionaire Factory” for three years – has been at home since the incident, awaiting a decision on his fate. It’s expected later this week.

More>

Rumour has it that the guy may have been set up by a colleague who knew the filming was going on but, that aside, does he really deserve the chop?

There was no really naughty stuff on display there; not even a nipple. Some sort of example will have to be made obviously -  a large proportion of the international banking community have seen the incident – but outright dismissal would be a little harsh.