Monday , August 2 2021

NAB's culture may take 10 years to resolve, as the president says



At work

Dr. Henry initiated the bombing, advised by Rowena Orr, QC, when asked about the bank, to address the problem of culture that led to a misguided behavior on the committee, including NAB commissions.

If he was asked if bank performance was possible to measure the reform of his culture, Henry said: "This is a big part of our work."

Orr Orr asked: "Do you want the culture to take the capsule you want for a long time?"

Henry replied that he was ten years old.

"I have been 10 years old. I do not expect it, but I would not be surprised at all. This would not be the case for organizations that are looking for cultural challenges."

In the hearing, Henry, between 2001 and 2011, was also Secretary of the Treasury, revealing that the NAB bank's inequality risk template was a red bank in 2015.

Dr. Henry, meanwhile, did not want to express any evidence, he also argued that the kinship committee should ensure that bank regulators and bank board members have a vision of bank risk culture, including the wrongdoing rate, including events.

"I do not know what it means to say that it is appropriate, but I will now say that, too, as we have said, we have said that the word" security "is consistent with APRA. It is very difficult to do a table. , to ensure this appropriate risk culture standard. "

The Australian General Bank, Andrew Thorburn, has served as the Bank, Supermarket and Financial Services Industry, Melbourne, on Monday, November 26, 2018. (AAP Image / Ellen Smith) ARCHIVING NO

The Australian General Bank, Andrew Thorburn, has served as the Bank, Supermarket and Financial Services Industry, Melbourne, on Monday, November 26, 2018. (AAP Image / Ellen Smith) ARCHIVING NOCredit:Ellen Smith

In the earliest hearing, Mr Thorburn responded allegations, Michael Hodge, QC, that the bank did not do enough to make Mr Hagger's redemption as soon as the bank's royal commission appeared.

Unlike other banks, the royal commission heard the NAB's customers asking them to review their rates, as the bank was accidentally stolen.

Mr Thorburn admitted that the approach was a mistake and he recently renewed his "Center of Excellence" for his remedies program.

Afterwards, NAB's main commercial commerce and some of Sharon Cook's legal documents were taken up by NAB from his point of view. Mr Thorburn underlined that Hagger really controlled that issue.

"What do you think of listening to your statement and listening to today's opinion, I think you think it is possible that Mr. Hagger's responsibility is" redundant and bankrupt, "Mr Hodge said.

"What are you doing?" Mr Hodge asked.

– No! Mr. Thorburn said.

Mr Thorburn thought that the NAB had an ethical culture, but said: "I would not say in fatal cases".

Mr Thorburn has said banks have paid "deadly" but not absurd charges for the deceased, and described the investment in the wealth management as a result of a mistake.

He still listens.

Sarah's business court is a reporter based in Melbourne.

Clancy Yeates writes in a business specializing in financial services. Clancy is based on our Sydney news.


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