According to the sources of officials, Westpac new chairman John McFarlane says that Westpac in good shape despite the money laundering case. He further said that “I have had about 27 years dealing with troubled companies.” He makes sure that he will take Westpac is in good shape. He said in a press conference that “one of the things that is attractive about Westpac is that it’s in really good shape apart from some sustained damage on the regulatory side”