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2020 Consequencs Of APRA's Cosy Non-Regulation Of Westpac Bank?

  1. usc75
    7,027 Posts.
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    31/12/19
    08:47
    Post #: 42171833
    2020 Consequencs Of APRA's Cosy Non-Regulation Of Westpac Bank?

    https://hotcopper.com.au/data/attachments/1905/1905027-75c87d11458a99393f97cf2eddf9fc13.jpg
    31st Dec 2019: APRA-Westpac Abject Failures Of Self-Assessments Of Self-Regulation.2020 Deadly Australian Sovereign Risk Exposure.

    Facts:
    * 28th Nov 2018: WBC 131 page Self-Assessment Report submitted to APRA Released Publicly- WBC summary: few issues, nothing major. Full Report WBC Website:    https://www.westpac.com.au/about-westpac/media/culture-governance-accountability/

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

    * 19th Dec 2019: APRA releases its Self-Assessment Report-WBC-APRA summary: few issues, nothing major.See APRA Report:     https://www.apra.gov.au/regulator-performance-framework-self-assessment-2018-19

    Sane Conclusions:
    * Self-Assessment of Self-Regulation Process revealed Zip on Westpac's Financing-Facilitation of Paedophilies et al Issues.
    * What else is Self-Assessment covering up?
    * What roles have Directors, Senior Executives, Auditors, External Consultants played?
    * 2020 APRA-Westpac Mantra's "Self-Assessment Of Self-Regulation" Are Abject Failures!

    Summary: IMO, 2020 Deadly Australian Sovereign Risk Exposure With Major Negative Contagion Affects.
    Last edited by usc75: 31/12/19
    WBC Price at posting: $24.40 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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