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APRA To Investigate CBA

The Australian Prudential Regulation Authority (APRA) has announced they will launch an independent inquiry into the CBA.

The focus will be on the governance, culture, accountability frameworks and practices.

APRA chairman, Wayne Byres said; “The overarching goal of the prudential inquiry is to identify any core organisational and cultural drivers at the heart of these issues and to provide the community with confidence that any shortcomings identified are promptly and adequately addressed”

Stay tuned…

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