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EY Remediation Report.pdf

ey-final-remediation-report-on-bmw-9-october-2019.pdf
Preview of EY remediation report
🔗 Source: download.asic.gov.au
📊 Size: 34 KB
📄 Pages: 3 pages
⬇️ Downloads: 152

Summary

BMW Australia Finance Limited (BMWAF) offered an Enforceable Undertaking (EU) to the Australian Securities & Investments Commission (ASIC) on 2 December 2016 to remediate potential consumer detriment resulting from non-compliant lending practices. Ernst & Young (EY) was engaged as the Independent Remediation Consultant to monitor and assess the remediation program. The program was closed on 31 January 2019, with 8,318 customers remediated, totaling $72,992,473 in remediation payments and write-offs. EY found that BMWAF had materially completed all requirements and obligations set out in the program and did not provide further recommendations.

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Description

BMW Australia Finance Limited (BMWAF) offered an Enforceable Undertaking (EU) to the Australian Securities & Investments Commission (ASIC) on 2 December 2016...

Technical Information

  • File Format: PDF
  • File Size: 34 KB
  • Pages: 3
  • Language: EN
  • Total Downloads: 152
  • Last Updated: 1 week ago

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