The prospect of financial services executives becoming accountable for end-to-end financial and credit product management means that financial services providers need a simple framework for managing financial and credit products from their design through to termination.
While automated workflows and databases may help minimise errors once a product is sold they don’t tell you in advance whether the marketing was incorrect or whether the IT program improperly charged interest or fees.
You need a simple tool to help you understand, before a product is designed, which products are regulated and how they are regulated during a product lifecycle.
I discussed these issues in my recent webinars.
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Author: David Jacobson
Principal, Bright Corporate Law
About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.