Ann: NAB introduces simpler executive remuneration framework, page-26

Commissioner Kenneth Haynes indicated in his recent interim report:
-Greedy individuals
-Criminal staff and management actions
-Lack of regulator affirmative action
-Customer neglect
-Complex legislation
-No new regulation
-Irrelevant remuneration throughout the business
Possible "costs" to banks:
-Sack greedy individuals
-Prosecute criminal acts
-Shake up/reorganise/reshape ASIC and APRA
-Cough up customer class action claims
-Simplify current legislation
-No new regulation
On the basis of the principle that shareholders and the entity should not suffer the criminal errors of their delinquent managers/staff we have Fridays SP rise of relief by 1.76% and await the threatened human consequences with bated breath.