Via banking legend Ian Rogers today:
Self-disclosures around the Australian banking industry’s post-CBA “self-assessment” challenge range in quality between dismal and dire.
Or, in APRA’s own words: “Poor” and “moderate” are the best that can be said for the “quality” of these assessments” by nine Australian banks in a humiliating information paper from APRA yesterday on “Self-assessments of governance, accountability and culture”.
