Managing Conflicts of Interest in Financial Services

The episode explores common conflicts of interest within the financial services industry, providing real-world examples such as investment advisors receiving commissions and bankers approving loans for relatives. For each scenario, it outlines the associated risks, primarily prioritising personal gain over client well-being, and proposes management strategies. These strategies centre on transparency through full disclosure, establishing independent oversight, implementing stricter policies and procedures, and shifting towards fee-based compensation models. Ultimately, the episode stresses the importance of ethical conduct and regulatory compliance in mitigating these conflicts.

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