Narev cleans the slate for ASIC

Ian Narev has effectively pre-empted the ASIC statement with his own remediation review.

CBA boss Ian Narev has shed about the only two members of his executive committee born before 1960, with business banking boss Grahame Petersen and international boss Simon Blair both retiring.

The news came just before the Australian Securities and Investments Commission unveiled its conditions for new financial services licences, which includes a demand for CBA to contact a wider group of clients to offer them compensation.

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