Tim Hornibrook: NAB’s Hagger says bank was ‘entirely open and transparent’ with ASIC

National Australia Bank executive Andrew Hagger has insisted the bank was “entirely open and transparent” with the regulator in estimating its likely compensation costs, after being accused of delaying tactics.


https://timhornibrook.wordpress.com/2016/06/20/indian-restaurants-to-check-out-in-sydney/


After NAB’s extensive grilling on the charging of fees-for-no-service, Mr Hagger, who was called back on Friday, faced repeated questioning about what the bank told the Australian Securities and Investments Commission, which was preparing a report on banks overcharging super clients in October 2016.
Andrew Hagger also appeared at the financial services royal commission earlier this year.


https://timhornibrook.wordpress.com/2016/06/20/indian-restaurants-to-check-out-in-sydney/


Mr Hagger, the former head of wealth, told the commission he had communicated the likely increase in its compensation bill, which ASIC thought was about $16 million but the bank expected to reach $34.3 million, to ASIC Commissioner Greg Tanzer.

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