The reports provide an update on actions CBA has taken to deliver the RAP.
The Independent Reviewer noted CBA has made 'significant progress in executing the RAP' and 'remained on track' to deliver the remainder of the plan.
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Ninth report
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Tenth report
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'CBA's Board and executives remain fully committed to the RAP and to continuously improving and learning. Our focus is to successfully complete the RAP and to ensure that the improvements we've made to our governance, culture and accountability stand the test of time,'
To read Promontory Australia's ninth independent report into the progress of CBA's Remedial Action Plan, click here.
To read Promontory Australia's tenth independent report into the progress of CBA's Remedial Action Plan, click here.
Earlier reports can be accessed here. Our next update will be provided in
Important information
On
In
Promontory
On
As previously reported, the Independent Reviewer has said:
There is now clear and committed leadership from the top in managing non-financial risk.
Accountabilities have been sharpened.
The voices of risk and compliance have been elevated, and are being heard.
There has been considerable improvement in the ownership and understanding of Non-Financial Risk by Business Units and Support Units.
There is much clearer and stronger focus on ensuring good customer outcomes, and the 'Should We?' question has become an integral part of the Group's everyday conversations.
Challenge is not only a consistent feature of meetings and forums, it is welcomed.
-1 While the Inquiry Report made 35 recommendations these have been split into multiple parts, resulting in 45 recommendations in total.
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