(Reuters) – Westpac Banking Corp
The new programme will focus on improving risk frameworks, setting higher leaderships standards and provide additional training to staff, Australia’s second-biggest bank said.
“Our reassessment confirms that our management of non-financial risk is currently not at the standard we set for ourselves,” Chief Executive Officer Peter King said in a statement.
(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Tom Hogue)