Banking royal commission’s scathing assessment of industry with more than just ‘a few bad apples’ – Analysis & Opinion – ABC News (Australian Broadcasting Corporation)

Banking royal commission interim reports on a table.

Charging for doing what you do not do is dishonest.
Giving advice that does not serve the client’s interests but profits the adviser is equally dishonest.
No matter whether the motive is called ‘greed’, ‘avarice’ or ‘pursuit of profit’, the conduct ignores basic standards of honesty.
Its prevalence and persistence require consideration of the issues of culture, regulation and structure.

via Banking royal commission’s scathing assessment of industry with more than just ‘a few bad apples’ – Analysis & Opinion – ABC News (Australian Broadcasting Corporation)