Malpractice, Malfeasance, Misconduct, Misselling, Fraud, Scams and Scandals; What’s it going to take to fix the problem?

What is the purpose of this symposium?

The overall purpose of this online symposium is to shine a bright light onto the very real need for more effective measures to deal with the growing problem of malpractice, malfeasance, misseling, fraud, scams and scandals. 

In short, far too many people are being harmed, in far too many ways and it is unrealistic to assume that everything that could be done to protect the public is being done. 

There are growing concerns about the systemic issues that seem to be at least part of the problem; a problem resulting in such a large number and very wide wide range of victims, covering issues relating to pensions, insolvency, bankruptcy, banking, mortgage fraud; securitisation fraud and so on – it’s truly worrying list.

Our symposium is going to create a first-class opportunity for a wide range of stakeholders to share their thoughts around what needs to be done; how best to do it and who should take responsibility for fixing what seems to be broken. 

You can expect to be ‘amongst’ progressively minded and collaboratively minded people who are keen to drive positive, progressive and purposeful finance reform.

We already know that the financial services sector as a whole has a significant reputation problem – the key takeaway from the Edelman Trust Barometer is:

“…at 57 percent trust among the general population, financial services remain the least-trusted sector measured by the Trust Barometer.”

…and that’s obviously a major issue for a sector that has to be trusted to function succesfully.

Clearly, the lack of transparency in financial services has contributed to the financial services trust deficit; and the evidence indicates that this isn’t a problem that is going to fix itself.

On the basis that “progress begins with realism” we will be facilitating the kind of candid yet constructive discussions that are needed to help move matters forward.

We are expecting this to be a particularly lively symposium because we will be creating a forum for people to “say it as they see it” and there is no doubt that many people are very disappointed with and very frustrated by the apparent ineffectiveness of “the establishment” to take control of the problem. 

We don’t think any one person or organisation has all the answers; and we also think that all answers are worth listening to, so if you’ve got a point of view that you’d like to share, this is definitely an event for you.