CompaniesChanticleerPrint articleChanticleerWestpac confession can drive real changeBy releasing a harshly critical self-assessment of its culture and governance, Westpac has created a real catalyst for change.Jul 12, 2019 – 12.00amSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginAustralia's big banks are too big to fail. Are they also too big to manage?That's the question posed by Westpac's self assessment of its culture, governance and accountability, which it released on Thursday after being ordered by the prudential regulator to hold an extra $500 million in capital because of its failings in this area.Loading...James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.comSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreChanticleerWestpac Banking CorporationAPRAHayne falloutOpinionLatest In Financial servicesFetching latest articlesMost Viewed In ChanticleerThe Australian Financial Review MagazineThe top whisky you can buy without going on a waiting listMax AllenThe luxury travel trend you probably haven’t consideredThe restaurant that’s turning back the clock (in the best way)BOSS Financial ReviewHow Matt Comyn starts his daySally Patten and Lap PhanFrom stopping thieves in the GFC to running a $1b company, via The StarNew MP Mary Aldred urges business to help women into the LiberalsLife & LeisureCould this natural remedy be a safe alternative to opioid painkillers?Luke BenedictusWhat’s the difference between $40 jeans and $400 jeans?This elusive fashion designer is finally stepping into the spotlightRich ListAnnie Cannon-Brookes steps out on her ownYolanda RedrupLuxury home sales take off as Australians get richerPharmacy chain ‘underdog’ takes the fight to Chemist Warehouse