The Board should all be sacked, the executives too, and they should be barred from holding directorships and other executive positions for five years.
Appalling, and virtually the greater majority of everyone on here was saying they had fixed their atrocious governance, risk and compliance problems.
Clearly Peter King and the Board have not got on top of their governance, risk and compliance shambles which have been found by APRA to be “immature, reactive and inadequate”.
Beijing has now another thing to pick on Australia for. How did APRA let it get this bad and this atrocious?
Westpac might become the banks where lambs, the customers, are sent to the slaughter. Fines, penalties and arguments to follow?
Perhaps the bank should lose its banking licence for six months until the executive and Board fix the problems?
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