Hello and welcome to the Sibos tour of Sydney. 
We've got some real world class banks here in Australia you can learn from.
You can see up there is the Commonwealth Bank. That's our largest bank. 
And they became very large and very profitable by basically doing a thing called 'money laundering'.
They did it 53,000 times and so far no one has been sacked, no one's gone to gaol.
Another one is Westpac. Of course, they're real innovators in the 'fee-for-no-service' sector. 
$240 million worth of fees for absolutely no advice.
The last one I should mention is Allianz.
They had 68,000 customers who had insurance products that had little or no value.
The other bank that I should point out is NAB.
They actually trained their staff to forge documents and they initialed the documents,
complete forgeries, thousands of documents.
In any other country around the world we'd call that a criminal cartel. 
In Australia we just call it one of the four pillars of the financial system. 
There's just no accountability whatsoever in our banking system and I think the rest of the world really can learn from that.
You been at the conference today?
Does everyone know our sponsor for Sibos is Commonwealth Bank. It's the biggest bank in Australia.
They're slogan is 'The Commonwealth Bank can'.
Who can say 'The Commonwealth Bank can'?
The Commonwealth Bank can.
The Commonwealth Bank can. 
The Commonwealth Bank can, that's right.
Who can charge people even after they've died?
The Commonwealth Bank can. Okay.
Who can increase credit limits for problem gamblers?
Australian banks can, that's right, yeah. 
And one last one: who can forge documents using hundreds of staff initialling documents.
Wrong it was NAB. 
Nice for playing thanks very much! Thank you.
