June 29 (Reuters) - Commonwealth Bank of Australia CBA.AX :
* CBA RECEIVES APRA ENDORSEMENT ON REMEDIAL PLAN
* CONFIRMED THAT AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY ENDORSED ITS REMEDIAL ACTION PLAN
* ALSO ADVISED APRA HOW FINDINGS OF PRUDENTIAL INQUIRY WILL IMPACT REMUNERATION OUTCOMES FOR CURRENT & FORMER EXECUTIVES
* PROMONTORY FINANCIAL GROUP HAS BEEN APPOINTED AS INDEPENDENT REVIEWER
* SENIOR EXECUTIVE REMUNERATION CONSEQUENCES WILL BE MORE THAN $60 MILLION
* CBA WILL REPORT PUBLICLY ON ITS PROGRESS AGAINST REMEDIAL ACTION PLAN
* DETERMINED THERE SHOULD BE COLLECTIVE & INDIVIDUAL ACCOUNTABILITY FOR CURRENT & FORMER EXECUTIVES FOR REPORT'S FINDINGS