Regulatory scrutiny on the Bank of Queensland is focused on its reporting of financial crimes, the company’s chief executive Patrick Allaway has said.
On Thursday, the bank reported a four per cent fall in cash net profit to $256 million for the six months to the end of February and provided more detail on a series of risk and compliance issues that have plagued the business.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
