Westpac's lagging view of credit risk 'challenging'

Elizabeth Sheedy

Department of Applied Finance

Press/Media: Other

Description

Westpac’s manual and cumbersome reporting systems obscured its ability to monitor and report on its commercial property portfolio raising questions about what the bank learned from its near death experience in the 1990s.

Subject

Westpac's lagging view of credit risk 'challenging'

Period	25 May 2020

Media contributions

Title	Westpac's lagging view of credit risk 'challenging'
Degree of recognition	International
Media name/outlet	Australian Financial Review
Media type	Print
Country/Territory	Australia
Date	25/05/20
Description	Westpac’s manual and cumbersome reporting systems obscured its ability to monitor and report on its commercial property portfolio raising questions about what the bank learned from its near death experience in the 1990s.
Producer/Author	James Frost
URL	https://www.afr.com/companies/financial-services/westpac-s-lagging-view-of-credit-risk-challenging-20200525-p54w2c
Persons	Elizabeth Sheedy

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