Brokers should have legal duty to customers ahead of sales, profits - ANZ chief Shayne Elliott

Mortgage brokers should have a legal duty to action in the best interests of clients, ANZ chief executive Shayne Elliott has told the financial services Royal Commission. 

Mr Elliott also conceded that some banks had become fixated on sales and profit after almost 30 years of continuous economic growth in Australia. 

ABC's Peter Ryan is covering the Royal Commission.