SYDNEY, Oct 17 (Reuters) - Australia's financial regulator said on Wednesday top banking executives will be held to a higher standard of personal accountability under new rules introduced, as the scandal-hit sector comes under intense scrutiny.
Australia's biggest banks are in damage-control mode after a powerful inquiry, called a Royal Commission, uncovered a culture of greed and widespread misconduct in the industry.
The Australian Prudential Regulation Authority said in a statement that tougher rules, which began in July and govern executive pay structures and lines of responsibility present "an opportunity for a major strengthening of accountability".
News: WBC Australia's finance regulator says bosses personally accountable for bank behaviour
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$38.20 |
Change
0.550(1.46%) |
Mkt cap ! $130.5B | |||
| Open | High | Low | Value | Volume |
| $38.00 | $38.26 | $37.85 | $41.36M | 1.085M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1965 | $38.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.20 | 799 | 6 |
View Market Depth
| Last trade - 11.20am 10/09/2025 (20 minute delay) ? |
| WBC (ASX) Chart |