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Correspondence To

Bank Victims - Counter Corruption Analysis - Correspondence

"The overwhelming Factual Evidence is now at hand"
 

During the past few months we have produced a series of documents to the public that explains how the banks have been publishing contracts.

 
This allowed the banks to act dishonestly in relation to the investigations of customer complaints.

 
The system does not work and the Regulators don’t work.

 
The responsibility of the banks have discarded customers rights and the Regulators have known this and failed to act to protect the public. 


 
Below are the letters as set out in the Bank Victims series.

 

PART 1:


Links weakness of the Code of Banking Practice, Code Compliance Monitoring Committee and Financial Ombudsman Service with systemic flaws in self-regulation. It asks whether practices of leading banks constitute criminal behaviour.

"Banking in Australia Unregulated and Unprotected" Part 1" Letter to Mr. Greg Tanzer ASIC Commissioner
Supporting Documents: Banking in Australia: "Banking Code of Practice Road map to deception"



PART 2:


Notes the relationship between Code subscribing banks and customers has damaged while regulators have failed to investigate and prosecute banks that have breached the APRA, ASIC and ACCC Acts.

"Banking in Australia Unregulated and Unprotected Part 2" Letter to Mr. Greg Tanzer ASIC Commissioner
Supporting Documents:  "The impairment of Customer Loans Submission Doc 61"

PART 3:


Reports information ASIC has that explains how the banks misled customers, whilst Bank of America and other US banks have been indicted for illegal behaviour. The government has failed to introduce legislation to protect all Australian bank customers.

"Banking in Australia Unregulated and Unprotected Part 3" Letter to Mr. Greg Tanzer ASIC Commissioner
Supporting Documents: "Bank of America v Department of Justice"


PART 4:

Explains how regulators, in 2016, allege ANZ and Westpac - and possibly NAB – “disadvantaged customers by manipulating the nation’s benchmark interest rate, the bank bill swap rate. This distorts lending and borrowing costs for households and businesses.

"Banking in Australia Unprotected and Unregulated Part 4" Letter to Mr. Greg Tanzer ASIC Commissioner

PART 5:

This paper refers to federal regulators being negligent in circumstances where the practices of banks may amount to criminal conduct. There is evidence that senior executives of the banks generated profits unlawfully.


"Banking in Australia Unprotected and Unregulated Part 5" Letter to Mr. Greg Tanzer ASIC Commissioner

Supporting Documents : ABA 2004 Code of Banking Practice
                                       : CCMC Constitution
                                       : ASIC Banking Code of Practice

PART 6 :

This paper explains how ASIC, ACCC and Treasury allowed banks to sell standard form loan contracts without full disclosure.

"Banking in Australia Unprotected and Unregulated Part 6" Letter to Mr. Greg Tanzer ASIC Commissioner

Supporting Documents : Mr. Greg Tanzer ASIC Commissioner Cover Letter
                                       : Parliamentary Joint Committee on Corporations and Financial Services Inquiry into Impairment of Customer Loans

PART 7:

The CEO’s conduct seems bewildering, as does the underperformance of the ASIC. Without an inquiry there can be no closure on concerns that the banks, prior to 2014, were selling customer loans without full disclosure.

"Banking in Australia Unprotected and Unregulated Part 7" Letter to Mr. Greg Tanzer ASIC Commissioner

A similar letter has been sent to the Shadow Minister Joal Fitzgibbon to allow both the major parties to establish important Argi Business Policies.

Letter to Mr. Barnaby Joyce - Deputy Prime Minister Nationals

PART 8:

Banking in Australia: Unregulated and Unprotected Part 8 is an open letter to ASIC alleging bank Chief Executives were selling customer loans without full disclosure for ten years.
It further alleges that this practice was carried out with ASIC’s knowledge.

"Banking in Australia Unprotected and Unregulated Part 8" Letter to ASIC Chairman Mr. Greg Medcraft

PART 9:

Banking in Australia: Unregulated and Unprotected Part 9 demonstrates how untrustworthy banks have been, since 2003, when regulating themselves.

"Banking in Australia Unprotected and Unregulated Part 9" letter to ASIC Chairman Mr. Greg Medcraft

PART 10:

Banking in Australia: Unprotected  and Unregulated  Part 10 provides opportunities for ASIC, ACCC and Treasury to act decisively and protect individuals and small businesses harmed by bankers regulating themselves.

"Banking in Australia Unprotected an Unregulated Part 10" Letter to ASIC Chairman Mr Greg Tanzer 4 August 2016

Supporting Documents: Submission 108 Senate Economics Committee Inquiry into criminal, civil and administrative penalties for white-collar crime
                                     : Letter to Mr Greg Medcraft ASIC Commissioner 4 August 2016

PART 11:

Banking in Australia: Unregulated & Unprotected Part 11 identifies provisions in the 2003 Code whereby customers are treated unfairly.

"Banking in Australia Unprotected an Unregulated Part 11" Letter to Greg Medcraft ASIC Commissioner 12 August 2016

PART 12:

Banking in Australia: Unregulated & Unprotected Part 12: It is alleged that banks, prior to 2014, acted “dishonestly using their position of power to gain an advantage especially for money”. Regulators have not disputed these facts despite this being the Cambridge dictionary’s definition of corrupt.

The CCMC Story: Banking in Australia Part 12" Open letter to Government"

 Supporting Documents: Letter to Greg Tanzer - 22 August 2016

 

“The evidence referred to here, notes that a public inquiry into banking practices would find there were many examples where subscribing banks took customers to court for breach of contract while the bank was silent of its policies.”

“The Code is today not the mechanism that the government’s Campbell and Martin review envisioned. Since the Code came into force in 1996, Banks have misled the public, weekended consumer protections, and abused their powers over their customers.”

"Only a Royal Commission will find the truth."

Bank Victims

Correspondence to Shane Elliott - ABA - 17 April 2018

Correspondence to Ms Donna Stevens - CCMC - 28 March 2018

Correspondence to Ms Anna Bligh AC - ABA - 28 March 2018

Correspondence to Ms Donna Stevens - CCMC - 28 March 2018

Correspondence to - Mx Donna Stevens - CCMC - 28 March 2018

Correspondence to - Ms Anna Bligh AC - ABA- 28 March 2018

Correspondence to - Ms Donna Stevens - CCMC - 28 March 2018

Correspondence to - Rabobank - William Gurry - 26 March 2018

Correspondence to - ABA - Shane Elliott - 26 March 2018

Correspondence to - CCMC - Christopher Doogan - 26 March 2018


Correspondence to - ASBFEO Bank Victims Submission “RE: #### v Rabobank: Facts & Opinions - 29 August 2017

Correspondence to - ASBFEO Bank Victims Submission “RE: #### v ANZ: Facts & Opinions - 14 August 2017

Correspondence to - ASBFEO Bank Victims Submission “RE: #### v NAB: Facts & Opinions - 07 August 2017

Correspondence to the Consumer protection in the banking and insurance and financial sector - Bank Victims Submission 109

Correspondence to ASBFEO - Bank Victims Submission - 11 September 2017

Correspondence to ASBFEO - 11 September 2017

Correspondence to Mr. Greg Medcraft - ASIC Chairman - 12 September 2017

Correspondence to Signatories of the BFO Submission 61 - 02 June 2017

Correspondence to Letters to Signatories of the Banking Finance Oath - 02 June 2017

Correspondence to Select Committee on Lending to Primary Production Customer - 01 May 2017

Correspondence to Hon Anna Bligh AC - 04 April 2017

Correspondence to John Alexander - 27 March 2017

Correspondence to Senate Standing Committees on Economics - 15 March 2017

Correspondence to Mr. Andrew Thorburn 02 March 2017

Correspondence to Mr. Shane Elliot 02 March 2017

Correspondence to Mr. John Macfarlene - 07 February 2017

Correspondence to Ms. Louise Thomson - 07 February 2017

Correspondence to Hon Niall Blair MLC - 03 February 2017

Correspondence to Barnaby Joyce - Code Review - 03 February 2017

Correspondence to Barnaby Joyce - 03 February 2017

Correspondence to Westpac Customer Relations 23 January 2017

Correspondence to Mr. Gordon Renouf - CCMC 29 December 2016

Correspondence to Mr. Christopher Doogan - CCMC - 28 December 2016

Correspondence to Mr. Christopher Doogan CCMC - 19 December 2016

Correspondence to Mr. John Barlaro - 21 November 2016

Correspondence to Mr. Timothy Nicholls - 21 November 2016

Correspondence to Mr. Paul Toole - 21 November 2016

Correspondence to Mr. Barnaby Joyce - Agricultural Competitiveness Taskforce Submission - 10 December 2014

Correspondence to Mr. Barnaby Joyce - 21 November 2016

Correspondence to Mr, Luke Hartsuyker - 21 November 2016

Correspondence to Mr. Christopher Doogan - CCMC - 9 November 2016

Correspondence to Ms Sally Davis- - CCMC - 2 November 2016

Correspondence to Parliamentary Joint Committee on Corporations and Financial Services Inquiry into impairment of costomer loans - 19 August 2015

Correspondence to Mr. Phil Khoury - 2 September 2016

Correspondence to Mr. Greg Tanzer - ASIC - 22 August 2016

Correspondence to Mr. Barnaby Joyce - 11 August 2016

Correspondence to Mr. Greg Medcraft - ASIC Commissioner - 4 August 2016

Correspondence to Ms Linh Nguyen - Investigations Manager on behalf of CCMC - 22 July 2016

Correspondence to Mr. Scott Gregson - ACCC Consumer Enforcement - 11 July 2016

Correspondence to 150 MP's 14 June 2016

Correspondence to Mr. Barnaby Joyce - 14 June 2016

Correspondence to Sanate Standing Committee on Economics - Inquiry into Penalties for White Collar Crime - 30 March 2016

Correspondence to Ms Fiona Nash - 19 August 2016

Correspondence to Mr. Bernie Ripoll - 28 January 2015

Correspondence to Mr. Barnaby Joyce - Agri Taskforce Submission - 10 December 2014

 

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