The Conversation

Requiring firms to only sell financial products we can use is good, but not enough

27-02-2020 Author: Kevin Davis, Professor of Finance, University of Melbourne

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The government’s financial system inquiry, on which I sat, reported five years ago.

It recommended that the creators of financial products be subject to a design and distribution obligation (DDO), which would mean the products they sold had to not only make money for them, but also meet the needs of the people buying them.

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