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BRIEF-Commonwealth Bank Of Australia Updates On Prudential Inquiry Remedial Action Plan

Published 06/02/2019, 09:02 am
Updated 06/02/2019, 09:10 am
© Reuters. BRIEF-Commonwealth Bank Of Australia Updates On Prudential Inquiry Remedial Action Plan
CBA
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Feb 6 (Reuters) - Commonwealth Bank of Australia CBA.AX :

* RELEASED PROMONTORY AUSTRALASIA'S SECOND INDEPENDENT REPORT INTO CBA'S PROGRESS AGAINST ITS REMEDIAL ACTION PLAN

* PROMONTORY NOTED REMEDIAL ACTION PLAN PROGRAM OF WORK REMAINS ON TRACK, AND THAT MOMENTUM WAS MAINTAINED DURING REPORTING PERIOD

* TO REPORT ON PROGRESS OF ITS REMEDIAL ACTION PLAN TWICE A YEAR

* PROMONTORY NOTED THAT CBA NEEDED TO MAINTAIN MOMENTUM AND ENSURE EXECUTION IS EFFECTIVE

* ALL 154 MILESTONES ON SCHEDULE TO BE DELIVERED BY DUE DATES SET OUT IN REMEDIAL ACTION PLAN

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