Well…of course it does. It doesn’t have any branches to distribute its mortgages, via The Australian:
Macquarie chief Shemara Wikramanayake has backed the role mortgage brokers play for borrowers, acknowledging that the Hayne royal commission would prompt smaller banks to rethink distribution and more closely assess what customers would pay for loans.
Commissioner Kenneth Hayne’s landmark final report last week recommended banning banks paying upfront and ongoing trail commissions to brokers and eventually moving to a customer-paid flat fee.
