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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.
“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
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