CBA will also look to appoint a number of independent customer advocates, the primary role of whom will be to support individual customers through the review and remediation process. "Commonwealth Bank is in advanced discussions with a number of plaintiff law firms to provide this service at no cost to customers," CBA said.
The composition of the Commonwealth Bank of Australia's independent review of its troubled financial advice business is almost complete, following two high-profile appointments and extensive discussions with advocate law firms.
Over the weekend retired Justice of the Queensland Court of Appeal, Geoffrey Davies joined the independent review panel as deputy chairman, while retired Justice of the Federal Court and the Victorian Court of Appeal, Julie Dodds-Streeton joined as a panellist.
Read more here: Business Spectator