This is why a sustainable reform requires the contribution of all parties involved. I will not list all the conflicts in the financial system, nor the remedies, but only provide some examples of what needs to be tackled, with a top down approach, from legislation to market participants.
Let me start with the first conflict of interest, at the political level, which involves those that are responsible for financial markets legislation. We know by now that those sectors of the financial markets that are less regulated are also more prone to be risk taker and thus more profitable, at least in certain periods.