Via the AFR:
Commonwealth Bank has completed only one of 153 tasks it needs to satisfy in order to meet recommendations that flowed from APRA’s special inquiry into its governance, culture and accountability.
CBA had submitted evidence of another eight tasks completed from the list of 153. However, the bank missed the August 31 deadline and therefore could not be included in the report as complete and effective. CBA was aiming to complete nine tasks by the deadline.
The independent consultant behind the report has commended the bank for its progress, however it has also warned it not to get complacent or risk undoing the progress that has already been made.
Enough said.
