WBC westpac banking corporation
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Self-Assessment Complicity: Who's Guilty?

  1. usc75
    7,027 Posts.
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    24/11/19
    14:59
    Post #: 41600689
    Self-Assessment Complicity: Who's Guilty?

    Facts:
    * 28th Nov 2018: WBC its Self-Assessment Report it submitted to APRA
    - Internal Staff used
    - International Firm used: Oliver Wyman
    - 131 pages
    - summary: few issues, nothing major. Read Full Report from WBC Webiste:
    https://www.westpac.com.au/about-westpac/media/culture-governance-accountability/

    then,
    * 11th July 2019: WBC releases ASX Ann of APRA's Response-1 page
    -     summary: few issues, nothing major. See WBC Website
    https://www.westpac.com.au/about-westpac/media/media-releases/

    Complicity Conclusions: IMO...
    * Self-Assessment of Self-Regulation Process revealed Zip on Money Laundering et al Issues
    * WBC CEO & Directors complicit in cover-ups
    * External Consultants complicit
    * WBC Auditors-PwC complicit
    * APRA, ASIC complicit in cover-ups
    * Guilty Parties is endless...
    WBC Price at posting: $24.77 Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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