As you move down the CBA corporate food chain you find the Audit Committee, the Risk Committee and other layers in place to offer investors a perceived confidence and competence in their investment. So, the $20k deposits, which grew from millions to billions and which were supposedly monitored, whether that be electronically, manually or a combination of both, spectacularly failed - 53,000 times!
So, it then takes an outside authority to raise the red flag.
This investigation will be long and sophisticated, where the outcome may well surprise.
Organised crime knows no boundaries.
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As you move down the CBA corporate food chain you find the Audit...
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