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​Australian treasurer says APRA to fast-track probe of Commonwealth Bank of Australia

( August 31, 2017, 04:55 GMT | Insight) -- Australian treasurer Scott Morrison says the Australian Prudential Regulation Authority's probe into the Commonwealth Bank of Australia will be completed within six months or sooner, The Australian reports.Australian treasurer Scott Morrison says the Australian Prudential Regulation Authority's probe into the Commonwealth Bank of Australia will be completed within six months or sooner, The Australian reports. APRA's probe seeks to identify any shortcomings in the governance and culture within CBA that may have led to the money laundering charges filed against it by the Australian Transaction Reports and Analysis Centre. Morrison added that that he expects APRA to take action on its findings as soon as the report is released. He also warned that "all options are on the table" in terms of what these actions are, according to the Financial Standard. ...

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