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File image of Scott Morrison Source: AAP

The Australian Prudential Regulation Authority (APRA) has handed down a report into Commonwealth Bank that federal Treasurer Scott Morrison has described as damning. APRA says the country's biggest bank had a widespread sense of complacency and was insular. The report was undertaken after a series of crises at the bank, including alleged breaches of money-laundering laws. Dina Gerolymou and Themis Kallos discuss the story.


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By Dina Gerolymou

Source: SBS



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The Australian Prudential Regulation Authority (APRA) has handed down a report into Commonwealth Bank that federal Treasurer Scott Morrison has described as damning. APRA says the country's biggest bank had a widespread sense of complacency and was insular. The report was undertaken after a series of crises at the bank, including alleged breaches of money-laundering laws. Dina Gerolymou and Themis Kallos discuss the story.



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