Australian commission cracking down on banks' sales culture


Long overdue. I hope we see this elsewhere.


Much like the medical profession, financial services are rife conflicts of interest where the interests of the person paying the bills do not come first. It is very interesting to note that attorneys are much better at serving the interests of their clients, and they are mostly self-regulated without much government oversight.


The Bar Association in the US does a terrific job. We could have the same type of thing in virtual currencies.


This will be better if the commissioner acts on the interest of its citizens but not on their gains.