Jun 19, 2026 – 5.00amWestpac’s business banking chief Paul Fowler and a group of senior bankers are being subjected to detailed interviews by the prudential regulator after a bombshell internal report identified unsatisfactory processes and oversight, and other deficiencies, within the lender’s small-business division.The Australian Prudential Regulation Authority has interviewed more than 20 Westpac bankers over three days this week, people with knowledge of the inquiries said on the condition of anonymity because the investigation is confidential.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles