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Banking Royal Commission

3.25 – CommBank’s Chief Risk Officer testifies at the Banking Royal Commission

David Cohen, Chief Risk Officer at Commonwealth Bank of Australia, is being questioned over ‘Project Sonic’, a remedial program designed to bring the understanding of BankWest lenders up to an acceptable level, following the acquisition by CommBank and its discovery that BankWest’s business loan book was very bad. Recorded on 29 and 30 May 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

Banking Royal Commission

3.12 – CommBank’s Head of Retail Products testifies about overdraft facilities at the Royal Commissi

Clive van Horen, general manager of retail products at Commonwealth Bank of Australia (CBA), returns to the witness box and is being questioned over CommBank’s business customers being charged more than double the correct interest rate on their overdraft facilities. Recorded on 24 May 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

Banking Royal Commission

3.29 – The peak lobbyist for the Australian Bankers Association testifies at the Royal Commission

Anna Bligh, the former Labor Premier of Queensland who became the CEO of the Australian Banking Association lobby group, is being questioned over the definition of what qualifies as a small business and who should be afforded the protections of the Code of Banking Practice. Recorded on 31 May 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

Banking Royal Commission

3.11 – Bank of Queensland’s Head of Performance & Governance testifies at the Banking Royal Commissi

Douglas Snell, general manager of performance and governance at Bank of Queensland, is being questioned over the bank’s failures in the treatment of a customer who was overcharged for a loan provided by a branch manager who was subsequently sacked for fraud, and on how the bank then argued with the financial ombudsman to try to limit the compensation paid to the customer. Recorded on 24 May 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.