Fairness in banking: heads they win, tails we lose
OPINION: The former managing director of Nikko AM recently learned of a small clause in the bowels of his mortgage lending documentation that he thought manifestly unfair.
George CarterSun, 02 Jul 2023
The concept of fairness is one we all intuitively desire; we use phrases such as a ‘level playing field’ or ‘give and take’. We desire for rules and systems to be designed fairly and to not be structurally biased in favour of one person or another.
Of course, the world isn’t fair, and we
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