PIAC has reviewed the suitability and loss calculation methodology of the Ombudsman for Banking Services and investments (OBSI) and we make the following comments from the conviction that the OBSI approach is not only defensible but is a decided benefit to firms and consumers.
Read the full comments:

thumb_pdfPIAC Comments on the OBSI Consultation Paper Suitability and Loss Assessment Process
Download File: piac_comments_obsi_suitability_loss_assessment_final.pdf [size: 0.1 mb]