All posts tagged "Remediation"
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2.0KAsia-PacificVideo: Digital Payments in Asia: A SmartStream Perspective
Regulation Asia spoke to Haytham Kaddoura and Mark Taylor at SmartStream Technologies to understand the latest developments in digital payments and how firms can stay ahead.
December 5, 2019 -
304Australia & NZCBA’s CommInsure Penalised A$700,000 for Hawking Offences
The penalty follows last week's guilty plea from CommInsure for conducting insurance sales by phone, where the customers had not requested to be contacted.
November 29, 2019 -
256EnforcementUK Regulator Penalises Citigroup for Reporting Failures
Citi’s UK failings led to “significant errors” in the firms’ returns, preventing the Prudential Regulation Authority from obtaining an accurate picture of its capital or liquidity position.
November 28, 2019 -
321Australia & NZ
CBA’s CommInsure Faces A$1.85mn Penalty for Unsolicited Sales Calls
The penalty will be in addition to the A$12mn CommInsure has said it will pay to 30,000 policyholders to remediate telephone sales conduct issues.
November 21, 2019 -
277Australia & NZNAB Sets Aside Additional Remediation Provisions
Combined with what has already been set aside, the new A$832mn in provisions for customer-related remediation brings total provisioning to over A$2bn.
October 2, 2019 -
479Australia & NZClearView Completes Advice Remediation Programme
Financial compensation totalling A$730,000 was offered to 215 clients who were harmed by poor advice, while another 21 clients received non-financial remediation.
September 20, 2019 -
279Australia & NZRBNZ, FMA Unimpressed by Insurers’ Inaction on Conduct Risk
RBNZ governor Adrian Orr says the sector has failed to demonstrate the necessary urgency and prioritisation to provide effective governance and monitoring of conduct risk.
September 18, 2019 -
945Australia & NZ
Australia: NAB, EY Under Fire Following Whistleblower Leak
A whistleblower has leaked internal NAB documents to highlight the bank's lax approach to risk management, customer remediation, and conflicts of interest with its auditor.
August 5, 2019 -
1.2KAsia-PacificNo Time for Complacency Despite Two-Year BMR Reprieve
Third country benchmark administrators will need every bit of the additional time granted for BMR compliance to ensure their benchmarks get approved, say PwC’s Gregory Campbell and Daniela Bunea.
July 22, 2019 -
764Australia & NZAPRA Orders A$500m Capital Charge for ANZ, NAB, Westpac
The increase in capital requirements are to reflect weaknesses in operational risk management identified in the banks' self-assessments.
July 11, 2019
