The Federal Court has ordered Westpac Banking Corporation pay a $1.5 million penalty for mis-selling consumer credit insurance with its credit cards and Flexi Loans to customers who had not agreed to buy insurance policies.

ASIC - Australian Securities & Investments Commission

Source

Published on Apr. 7th, 2022 Published on Apr. 7th, 2022

Scenario: Conduct / Misselling Retail

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MSTAR News

Nov. 21st, 2021

Olivier Vigneron to become Group Chief Risk Officer of Deutsche Bank.

Congratulations for this new chapter that opens at Deutsche Bank! We are proud and grateful that Olivier was one of the first promoters of the XOI method for operational risk, and to have worked with him and his teams for many years. Greetings and thanks from the MSTAR team.