Detailed Notes on Peter Cornwell - Head of Stress Testing - Westpac

Detailed Notes on Peter Cornwell - Head of Stress Testing - Westpac

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Westpac announces a fresh strategic direction choosing to simplify the Bank again to its core banking operations, predominantly in Australia and New Zealand.

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Westpac claims it has fallen target to an "elaborate fraud" which Expense the lender a lot more than $290 million.

Take care of – addressing our shortcomings and refunding shoppers in which we acquired it Erroneous and materially raise our management of possibility and our hazard society.

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Cornwell Peter Cornwell - Head of Stress Testing - Westpac admitted at Icac final 7 days to obtaining $20,000 from residence developers and introduced he would resign at following yr’s election. He sought parliamentary depart soon after his visual appearance for the Listening to.

specially questionable. It truly is obvious that his Look at failure to provide specific and trusted suggestions originates from a considerable hole in his understanding of the sector.

He states it might enable In case the guardian from the payslips and tax returns, the Australian Taxation Office, had been to release the knowledge for the financial institutions. This would make the overall economy much more productive.

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