The AMP debacle today will have a terrible impact on sentiment towards MLC and NAB. Charging the dead and the spectre of these problems not being cleared up has awful implications for NAB and CBA as well as AMP.
Looks like the Banking Code of Practise is a bit of waste of time in Australia, it has not changed anything by the looks of the AMP example.
Ann: 2019 Full Year Results Summary, page-47
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