April 7 (Reuters) - Westpac Banking Corp (WBC) said on Wednesday Australia's banking regulator had approved its plan to address weaknesses in its risk controls, after the lender agreed to a court-backed undertaking to make amends last year.
The plan outlined commitments designed to strengthen all aspects of Westpac's risk governance across both financial and non-financial risk, it said in a statement.s
The lender faced a lawsuit and fine for enabling millions of improper payments, including to people exploiting children, and drew flak from the regulator for its weak risk controls and poor oversight.
News: WBC Westpac's plan to address weak risk controls gets regulatory nod
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Last
$38.30 |
Change
0.010(0.03%) |
Mkt cap ! $130.9B | |||
| Open | High | Low | Value | Volume |
| $38.22 | $38.49 | $38.02 | $191.3M | 4.999M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20 | $38.30 |
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| Price($) | Vol. | No. |
|---|---|---|
| $38.35 | 500 | 1 |
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| Last trade - 16.18pm 26/08/2025 (20 minute delay) ? |
| WBC (ASX) Chart |