All posts tagged "Mis-selling"
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68Australia & NZCBA Faces Criminal Charges Over Consumer Credit Insurance Sales
Commonwealth Bank plans to plead guilty to making false or misleading representations to customers about insurance policies.
September 17, 2021 -
78EnforcementS. Korean Financial Firms Push Back Against Executive Accountability
Six industry bodies have filed a joint request asking regulators to grant their boards more autonomy over their internal affairs rather than punishing their executives.
September 16, 2021 -
126EnforcementSeoul Court Rules Against FSS in DLF Mis-selling Case
An FSS decision to ban Woori Financial Group Chairman Son Tae-seung from the financial industry for three years is effectively nullified.
August 31, 2021 -
99EnforcementKorea: Daishin Securities Ordered to Compensate Lime Investors
Daishin Securities is asked to compensate investors up to 80% of losses after it missold funds managed by Lime Asset Management.
August 3, 2021 -
100EnforcementKorea FSS Orders IBK to Compensate Investors Over Mis-sold Funds
The FSS said IBK failed to adequately inform customers of potential high risks and lacked internal controls to monitor the selling process.
May 27, 2021 -
172FeatureNew Investor Protection Regulations Take Effect in Korea
South Korean financial institutions are required to record the sales process and implement a cooling-off period for complex investment products.
May 13, 2021 -
161EnforcementKorea FSS Imposes Light Punishments on Shinhan Execs
Shinhan Bank's CEO and Shinhan Financial Group's Chairman received lighter punishments than expected over the Lime mis-selling scandal.
April 26, 2021 -
367EnforcementSEBI Fines Yes Bank, Three Others for Mis-selling AT1 Bonds
SEBI says Yes Bank misled individual investors into buying risky AT1 bonds and did not inform them of the risks involved or conduct risk profiling.
April 14, 2021 -
254Korea
New Rules for Private Equity Funds Take Effect in Korea
The new rules imposing stricter requirements on leverage, cross trading, sales practices and risk management, among other areas.
March 23, 2021 -
369Hong KongHKMA to Commence Review of Front Office Incentive Systems
The review will focus on how incentive systems at 20 retail banks are designed and implemented, and how they drive behaviours of frontline staff and affect customer outcomes.
March 17, 2021
