Reported about 4 hours ago
Australia's securities regulator has emphasized the need for ANZ Group's new CEO Nuno Matos to rectify past misconduct following the bank's record A$240 million fine. Joe Longo, chairman of the Australian Securities & Investments Commission, noted that ANZ has significant challenges ahead to ensure previous issues do not recur. The regulator's investigation revealed widespread misconduct affecting around 65,000 customers, underscoring the importance of improved compliance and accountability within the institution.
Source: YAHOO