Comment: Narev's days must be done

ASIC's communication on the Commonwealth Financial Planning and Financial Wisdom compensation program yesterday I took to be routine; part of the daily noise of curating banking news.

Sitting down to do this stretch of work in the early evening, one's amazement can only build at the matters reported above and drawn from the work of KordaMentha Forensic.

Ian Narev and his team at CBA have had no other real reputational headache to handle other than historic matters in planning.

The methodical work needed to clean it up and respond appropriately seems to have been beyond CBA's leaders.

Narev can be chastened, sanctioned or sacked.