Australia's Justice Kenneth Hayne says the time has come for change in the country's financial services industry. Australia's High Court justice and royal commissioner, Kenneth Hayne, has declared the time has come to overhaul the Australian financial services sector. "The damage done by that conduct to individuals and to the overall health and reputation of the financial services industry has been large," he wrote. "The financial services industry is too important to the economy of the nation to allow what has happened in the past to continue or to happen again." The following are some of the key recommendations made by Justice Hayne.

Source: Stuff February 04, 2019 06:33 UTC