July 17 (Reuters) - Westpac Banking Corp WBC.AX :
* RELEASES CULTURE, GOVERNANCE AND ACCOUNTABILITY REASSESSMENT REPORT
* REASSESSMENT FINDS CO OVERLY COMPLEX WHICH RESULTS IN CONFUSION AROUND ACCOUNTABILITY AND CHALLENGES IN EXECUTION
* SHORTCOMINGS IN MANAGEMENT OF NON-FINANCIAL RISK IDENTIFIED BY EACH OF CO'S 3 LINES OF DEFENCE; FURTHER CHANGE NEEDED TO ADDRESS WEAKNESSES
* EMBARKING ON MULTI-YEAR PROGRAM CALLED CUSTOMER OUTCOMES AND RISK EXCELLENCE (CORE)