Eddie Hobbs: Are we seeing early signs of an Australian debt asteroid strike and why it matters

A recent report by Denise Braily, the President of Australian BFCSA (Banking & Finance Consumers Support Association), to a Royal Commission on banking provided a worrying picture of banking in Australia.

Her research and findings on the dark arts of some debt sales Down Under reverberated more widely for a reason; it can happen in parts of banking in a hot market. How widespread, however, is uncertain.