ASIC has recently released a report about its work with the big four banks and AMP on adviser misconduct. The report is essentially an update on the progress of ASIC's Wealth Management Project, and mostly contains information we already know. The most interesting part deals with the results of ASIC's review of adviser audit processes by the banks and AMP. They indicate that internal audits are not identifying compliance issues.
from Allens Banking & Finance publications http://www.allens.com.au/pubs/fsr/170407-unravelled-01.htm
No comments:
Post a Comment