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Showing 1 - 10 of 16 results for "Banking Practice"

BABL named, shamed over Great Southern

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
Bendigo and Adelaide Bank Limited (BABL) has been singled out as breaching the Code of Banking Practice within its Great Southern Loans business unit. The Banking Code Compliance Committee (BCCC) said in its annual report that the BABL breaches occurred ...

NAB ends introducer payments

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAR 2019
... rural branches open, opening new regional customer connect centres and extending the protections of the Code of Banking Practice to small businesses with less than $5 million in total borrowings.

Industry welcomes final Better Banking report

HARRISON WORLEY  |  WEDNESDAY, 18 APR 2018
The final report of a two year reform program has outlined the progress made by Australia's banks in implementing the Better Banking Reforms Program. Handing down the report, independent governance expert Ian McPhee said commitment to the package of ...

ABA makes new code compulsory

KANIKA SOOD  |  MONDAY, 26 MAR 2018
... customer focused code will become compulsory for all ABA members with a retail presence," Bligh said. The Code of Banking Practice was introduced in 1993 and has since gone through three iterations. The big four banks are signed up to the current code ...

Independent expert awaits bank remuneration guidelines

ALEX BURKE  |  FRIDAY, 19 JAN 2018
... Review recommendations and early efforts to change policies and practices in order to align to the revised Code of Banking Practice." "It is also encouraging to see collaboration across the industry through measures such as the Customer Advocate Forum ...

Banks narrowly avoid parliamentary inquiry

EMMA RAPAPORT  |  FRIDAY, 16 JUN 2017
Australian banks have narrowly dodged the possibility of facing a Royal Commission-style inquiry after a Green's Bill to establish a Parliamentary Commission of Inquiry fell short by a single vote in the House of Representatives yesterday. The Bill ...

Bankers told to spread positive message

DARREN SNYDER  |  MONDAY, 24 APR 2017
... three other banks doing this ahead of schedule. The delivery of two key independent reviews into the Code of Banking Practice (Khoury Review) and retail bank staff remuneration (Sedgwick Review), which will result in significant benefits to customers. ...

Banks must overhaul product-based incentives

KARREN VERGARA  |  WEDNESDAY, 19 APR 2017
Retail banking practices don't carry "significant systemic risks" that deliver poor customer outcomes, an independent review has found. Some current practices however, are promoting unacceptable behaviours inconsistent with good customer outcomes and ...

ABA committing to industry reforms

KARREN VERGARA  |  THURSDAY, 30 MAR 2017
... the remaining, ABA executive director of retail policy Diane Tate said. The independent review into the Code of Banking Practice, conducted by consultant Phil Khoury following a seven month consultation is an effort by the banking industry to align its ...

Banks flag adviser transparency in customer program

ALEX BURKE  |  MONDAY, 30 JAN 2017
... transparency regarding financial advisers with histories of poor conduct; and an independent review of the Code of Banking Practice. ABA chair and National Australia Bank chief executive Andrew Thorburn said: "This program of initiatives is our commitment ...
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