I was unsurprised it went up 2day given the Royal Commission is now moved onto other things.
The Royal Commission may not come to anything, banks were hammered and now seem to have rebounded strongly so this "Royal Commission" thing may come to nothing of course given the Australian regulatory model and governance, risk and compliance historically in Australia.
Australia fits regulation how communism fits Germany, very badly. Given the convict past, it is unsurprising. Capitalism to some degree started in what is now Germany and communism started in the polar opposite, the Soviet Union now known as Russia.
FIG is IMHO no different in operating model to Select AFSL.
The margins may be different and the selling tactics but the operating model seems similar.
