The most damning thing about an independent review into ANZ’s powerhouse markets business isn’t in the 63-page report or the reviewer’s 19 recommendations. It is the bank’s own response.
Paul O’Sullivan has done what no bank chairman ever wants to do – agree to an enforceable undertaking with the regulator.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
