Retail Investors Draw the Short Straw

Submissions are now flying in thick and fast to the government’s financial system inquiry headed by David Murray. The Murray inquiry, a broad one-in-twenty year review, aims to ensure the financial system transfers money from savers to borrowers in a sane, equitable and relatively low cost manner. Good luck with that. Judging from the submissions this week, naked self-interest rates high. The banks have made submissions calling for less regulation for themselves and more regulation of the shadow banking sector. Brokers want less regulation for themselves and more regulation for the shadow broking sector. Challenger wants more regulation on...

Submissions are now flying in thick and fast to the government’s financial system inquiry headed by David Murray. The Murray inquiry, a broad one-in-twenty year review, aims to ensure the financial system transfers money from savers to borrowers in a sane, equitable and relatively low cost manner.

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