All posts tagged "Mis-selling"
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291EnforcementKorea FSS Considers Taking Woori Chief to Supreme Court
The FSS sought to reprimand Sohn Tae-seung, but two courts have now ruled in favour of the Woori Financial Group chairman and CEO.
August 4, 2022 -
533EnforcementFSC Korea Penalises Shinhan Bank for Lime Fund Mis-selling
Shinhan Bank is being suspended for three months from selling new private equity fund products and fined KRW 5.7 billion.
July 8, 2022 -
360Australia & NZAustralia Reviews Impact of 2020 Ban on LIC Stamping Fees
Two years ago, the government banned LICs and LITs from paying stamping fees to AFS licensees for help secure investors for capital raisings.
July 8, 2022 -
977EnforcementTougher Enforcement, Regulation on ESG Funds a “Wake-up Call”
DWS whistle-blower Desiree Fixler welcomes enforcement action as necessary to deal with greenwashing.
July 4, 2022 -
374Asia-PacificOJK Enhances Consumer Protection Rules for FIs
Financial services firms are required to protect consumers and the public during the entire lifecycle of a financial product or service.
May 26, 2022 -
531FeatureHKMA Publishes Findings from Front Office Incentives Review
Some incentive systems used in retail banks' front offices may unintentionally push staff to prioritise business objectives over customer outcomes.
May 26, 2022 -
731ESG / SustainabilitySEBI to Enhance ESG Disclosure, Assurance Requirements
A new committee will work to address mis-selling and greenwashing risks and explore the introduction of prudential requirements for ESG funds.
May 11, 2022 -
382Australia & NZWestpac Penalised in Consumer Credit Insurance Mis-selling Case
Westpac issued consumer credit insurance policies to customers who did not request the product, then asserted a right to payment which customers were not liable for.
April 8, 2022 -
431Crypto / Digital AssetsIOSCO to Develop Regulatory Toolkit on Retail Investor Protection
IOSCO consultation asks whether certain gamification should be regulated or prohibited, and whether regulators should be monitoring crypto-asset trading by retail investors.
March 22, 2022 -
558EnforcementSeoul Court Upholds FSS Reprimand Against Hana Vice Chair
The court ruled that Hana Financial Group vice chairman Ham Young-joo was responsible for failing to protect retail investors from high risk financial products.
March 18, 2022
