FinCoNet guidance on the role incentives play in the sale of consumer credit products
International Financial Consumer Protection Organization guidance covers: i) appropriate oversight; ii) cross-selling; iii) consumer-focused culture; iv) general duties and specific responsibilities; v) oversight of different sales channel; vi) firms' product oversight and governance; vii) monitoring; viii) disclosure; and ix) promotional incentives to consumers. Also provides list of necessary pre-conditions of the overarching regulatory framework, if supervisory initiatives are to be effective in the field of sales incentives and responsible lending.
Publisher:
Others
Release date:
Dec 2016
Type:
Guideline
Peer:
Impact of Sales Incentives on the Sale of Consumer Credit Products , Report on Responsible Lending
Topics:
Conduct, Consumer education and protection, Corporate governance, Transparency and disclosure
Sectors:
Banking, Insurance, Pensions, Securities
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