Macquarie Group reported an almost 6 per cent rise in full-year profit to $3.7 billion, while its chairman Glenn Stevens disclosed that there had been accountability imposed on its bank division after the corporate regulator slammed it for compliance failures.
Stevens, a former Reserve Bank of Australia governor, said in the group’s annual report that “a core responsibility of the board and management is ensuring the highest standards of professional conduct across the organisation”, including dealing with risk.
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