The history of our industry and the reality is that the ill informed were frequently used and abused, in turn to use to abuse. The real travesty, in the world of financial services, is that of lost opportunity due to the reckless and uncaring attitude that is attendant with undue focus upon commercialism. The ideal world of financial services has the potential to be a sustainable people business first, where commercial success will follow good business practice as night will follow day. This, despite ten years of legislation, is not the case. The real world of financial services, in the presence of the regulatory process, is one where commercialism is the imperative.
Predators continue to exploit the masses and even dominate the politics in many situations.
This is the reality of commerce within an industry where image reigns supreme. Of necessity and by design predators will continue to thrive within the systems driven world. Such an environment offers both excuse and escape from reality, responsibility and accountability. This being the case, it is therefore even more important that we do not entirely forsake or lose sight of our traditional and natural powers for rational thinking as a result of inertia. There is as yet no technological substitute for the application of logical analysis, evaluation and quality subjective judgement.