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As many financial companies continue to suffer from wavering investor confidence, chief executive of National Australia Bank (NAB) John Stewart has called for improved transparency and disclosure.
Speaking yesterday at a business luncheon in Sydney, Mr Stewart said that greater levels of disclosure, even “over disclosure”, would be key to boosting confidence in the financial sector, the AAP reported.
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“What we need is more transparency and you will only get that transparency over time,” Mr Stewart said.
Mr Stewart also said that the sub-prime crisis in the United States was unlikely to have a major impact on the health of Australia.
“Australia is managing just fine,” he said.
Published 28-02-08
