Westpac says focus on learning from mistakes

Company News

by Anna Napoli

Westpac (ASX:WBC) CEO Brian Hartzer says yesterday's release of the final report of the banking Royal Commission is a turning point in the ongoing rebuild of community trust in the industry.

The Royal Commission has made 76 recommendations and Westpac says it will now take time to consider them fully.

Westpac says it has already taken steps to address some matters including its approach to dealing with customer complaints and moving away from grandfathered commissions.

Mr Hartzer says the bank's focus remains on learning from the mistakes from the past and preventing them from happening again.

Shares in Westpac (ASX:WBC) closed about 0.8 per cent higher to $5.79.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.