2 December 2019
More Regulation Is Not The Solution To Westpac Revelations
Yet another scandal among Australia’s banks suggests the industry is in dire need of a clean-out. Westpac has committed one of the most startling failures of corporate governance in Australian history. After a year-long investigation, the bank stands accused of failing to report, as required by law, 23 million transactions that it had facilitated, and, in particular, failing to notice a
22 November 2019
The Woke Bank Asleep At The Wheel
The phrase “Go Woke, Go Broke” doesn’t quite apply to Westpac. But it nearly does. Allegations that it breached anti-money-laundering laws 23 million times probably won’t send Westpac broke. But the bank’s share price has been smashed and Prime Minister Scott Morrison has as good as called for the Westpac board to sack its chief executive. If you’re a company
