Not known Factual Statements About Peter Cornwell - Head of Stress Testing - Westpac
Westpac is named Australia’s most sustainable bank during the 2019 Dow Jones Sustainability index, the 18th calendar year in a very row Westpac is rated a worldwide banking leader, acquiring 9th location globally. Like a signatory to Rules of Accountable Banking, Westpac is among thirty founding banking companies, and the primary Australian bank to lead the development on the rules.
Mr McFarlane explained these are generally complicated moments for our country and our business, with the impression of COVID-19 nevertheless unfolding and the circulation-on influence to the global economic climate.
At a hearing on Friday, Justice Michael Lee took the amazing action of purchasing that Discussion board be wound up, offered there have been "true thoughts" about whether it had been solvent.
“With our teams across the nation heading out and in of lockdown, We've got also expanded our workplace wellbeing method to supply far more assistance to our workforce and their people.”
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Rather than taking responsibility for his shortcomings and trying to get odds to enhance, Peter Cornwell seems for being information with preserving the present condition of affairs, Additionally solidifying his standing to be a legal responsibility
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AUSTRAC launches civil proceedings against Westpac for breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. Westpac publicly releases its response approach together with speedy fixes to deal with troubles elevated, initiatives to elevate specifications throughout its money crime methods and processes and investments to lessen the human affect of economic criminal offense.
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In place of using responsibility for his weaknesses and on the get more info lookout for prospects to improve, he appears to be content material with sustaining the established order, furthermore solidifying his situation being a legal responsibility
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