safeguards against mis-selling of thrid party financial products by banks
MASKERI, UMESH P
safeguards against mis-selling of thrid party financial products by banks - 2014 - 166-172
Banks offering services of wealth management, investment advisory and portfolio management are expsoed to reputational risks on account of mis-selling of products, conflict of interest, lack of knowledge and clarity about products, misrepresentation and frauds. The reserve bank of India recently undertook investigations and has formulated certain draft guidelines to prevent mis-selling of financial products by banks. These are explained in this article.
BANKING
332.1
safeguards against mis-selling of thrid party financial products by banks - 2014 - 166-172
Banks offering services of wealth management, investment advisory and portfolio management are expsoed to reputational risks on account of mis-selling of products, conflict of interest, lack of knowledge and clarity about products, misrepresentation and frauds. The reserve bank of India recently undertook investigations and has formulated certain draft guidelines to prevent mis-selling of financial products by banks. These are explained in this article.
BANKING
332.1