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Beef up suitability obligations as a “defence for future mis-selling claims”, says law firm

Law firm Clifford Chance warns that banks will need to beef up their documentation and suitability obligations to avoid future mishaps, following a mis-selling case brought against Singaporean lender OCBC by an elderly couple earlier this year.  “[I]t will be important for banks to observe and carefully document their suitability obligations as a defence against future mis-selling claims,” Clifford Chance advises in…

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