Royal Commission into Misconduct in the Banking, Superannuation, and Financial Services Industry – October 2018 Submission by Shane Reynolds.
On 30 September 2018 the Commissioner delivered the Interim Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. Following this report Shane Reynolds filed his response on 17th October 2018.
The response was confined to the portion of the hearings that heard issues about Commercial Loans, Receiver Appointments, Agricultural Lending & Farm Debt Mediation, Unfair Contracts, Intermediaries & Broker Renumeration, Bank Penalties, Financial Literacy Funding and Suicide Prevention.
Royal Commission into Misconduct in the Banking, Superannuation, and Financial Services Industry – Submission by Shane Reynolds.
On 23 January 2018 Shane Reynolds filed his submission with the Commissioner High Court Judge, The Honourable Kenneth Madison Hayne AC.
Shane Reynolds report addresses the conduct of financial services entities as defined by the terms of reference, the effectiveness of mechanisms for redress for consumers of financial services who suffer detriment as a result of misconduct by financial services entities, the adequacy of existing laws and policies of the commonwealth relating to the provision of banking and financial services and recommendations to minimise the likelihood of misconduct by financial services entities in future.