Dirty little secrets: why banks need to be more transparent

Austrac may or may not have given CBA assurances that it would warn it ahead of any action but it is consistent with what we know of the banks and their regulators that they expect to be forewarned of any regulatory action and they expect to be given – and almost always are given – the ability to negotiate an out-of-court settlement on any issue of substance.

via Dirty little secrets: why banks need to be more transparent

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