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Financial services need to wake up to fact that treating customers well is good business

Journal Article


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Abstract


  • South Africa’s regulatory regime for the financial services sector is going through major changes. The question is whether companies can adapt to a principles-based approach. Or will they default back to rules-based compliance during the implementation of the Conduct of Financial Institutions Act? The aim of the new law is to improve financial sector conduct and ensure fairer outcomes, particularly for customers.

Publication Date


  • 2019

Citation


  • A. Schmulow, 'Financial services need to wake up to fact that treating customers well is good business' (2019) 17 November The Conversation 1-6.

Ro Full-text Url


  • https://ro.uow.edu.au/cgi/viewcontent.cgi?article=5157&context=lhapapers

Ro Metadata Url


  • http://ro.uow.edu.au/lhapapers/4120

Number Of Pages


  • 5

Start Page


  • 1

End Page


  • 6

Volume


  • 17 November

Place Of Publication


  • Australia

Abstract


  • South Africa’s regulatory regime for the financial services sector is going through major changes. The question is whether companies can adapt to a principles-based approach. Or will they default back to rules-based compliance during the implementation of the Conduct of Financial Institutions Act? The aim of the new law is to improve financial sector conduct and ensure fairer outcomes, particularly for customers.

Publication Date


  • 2019

Citation


  • A. Schmulow, 'Financial services need to wake up to fact that treating customers well is good business' (2019) 17 November The Conversation 1-6.

Ro Full-text Url


  • https://ro.uow.edu.au/cgi/viewcontent.cgi?article=5157&context=lhapapers

Ro Metadata Url


  • http://ro.uow.edu.au/lhapapers/4120

Number Of Pages


  • 5

Start Page


  • 1

End Page


  • 6

Volume


  • 17 November

Place Of Publication


  • Australia