Entries by Dilip

Findings of Banking code compliance committe

Australian Banking code of practice released in July 2019 and many Banks have committed significant time and resources to the code transition projects. Based on the Banking Code Compliance Committee (BCCC), 2019–20 has been a year of two distinct halves. Although it started with lots of optimism, the bush fire and covid-19 pandemic unleashed a global […]

Market conduct regulation in USA

Regulators have historically sought to enhance a customer’s understanding of the products they purchase, imposing prescriptive requirements for disclosure, as well as setting professional standards for sales advisers. The goal is to rebalance the ‘information asymmetry’ – however, issues have continued to arise. An essential component of insurance regulation is the appropriate oversight of the […]

Cost of Conduct according to the Centre for Banking Research (CBR)

Below are some of the highlights of the Conduct costs project launched by the Centre for Banking Research. You can find the full report here https://www.city.ac.uk/news/2020/september/centre-for-banking-research-launches-conduct-costs-project   The CBR Conduct Costs Project aims to foster transparency in financial activity and to deliver a category of benchmarking, which comprises the level of conduct costs and the […]