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Friday 30 April 2021

General Counsel and Chief Administration Officer, Chubb Life at Chubb Group of Insurance Companies, Annette Donselaar breaks down the concepts of the three lines of responsibility and role clarity.

By Kwame Slusher



The Australian Securities regulator reminds regulated entities that as of 1 January of this claims handling and settling and ‘financial service’ and covered by the Australian Financial Services License (AFSL). 
 
Australian Securities and Investments Commission (ASIC) also reminds that if entities have to lodge a complete 30 June they will be i...

By Kwame Slusher


The latest commencement of proceedings against Westpac is just the latest chapter with the securities regulator on consumer credit insurance (CCI). 
 
“In addition to our enforcement action, ASIC has secured over $250 million of remediation for the consumers harmed by the practices of the offending lenders. The CCI remediation program covers 11 m...

By Kwame Slusher

Friday 9 April 2021



The Federal Court of Australia has ordered CBA to pay $ 7 million for misleading representations and conduct. 
 
The allegations made by the securities regulator Australian Securities and Investment Commission (ASIC):
 

  • provided customers with terms and conditions for certain credit facilities that stated an interest rate to be charged...

By Kwame Slusher

Friday 9 April 2021

From the Archives:




In this second edition of the 'meeting your basic obligations' series,  GRCI's own Strategic Stakeholder and Engagement Consultant Carole Ferguson and Managing Director Naomi Burley talk about licensing variations and some of the thin...

By Kwame Slusher