Major regional bank leaders dodge first strike on pay

要点

• Shareholders at Bendigo and Adelaide Bank passed the remuneration report at the annual general meeting, with 84.8 per cent in support. The bank faces an AUSTRAC investigation into its money laundering obligations, after a Deloitte review found serious shortcomings following suspicious activity at one branch.
• APRA has required an extra $50 million in operational risk capital, and the rectification plan is expected to cost $70 million over three years.
• Chief executive Richard Fennell said he was ultimately accountable and that fixing the issues was his number one priority.