The Bank of Canada is proposing a federally managed digital currency that flies in the face of the decentralized approach to money that cryptocurrencies have established.
Anti-money laundering efforts are based on measuring activity, not results. To cut crime and terrorism, we need a frank conversation about where the system has gone wrong.
Libra has lost seven of its 28 founding members – but don't expect that to hold it back.
Blockchain technology was supposed to make trust unnecessary – but that turns out not to be true. Most people will want laws and regulations to help make blockchain-based systems trustworthy.
It is a furphy that regulation for good corporate culture is impossible. It is done in the Netherlands and it is already under way in Australia, albeit in an unacknowledged, and limited, form.
The financial services industry is in need of a new paradigm to rediscover what finance is for – to improve the financial and economic well-being of society.
The world's largest financial scandal has toppled a government, threatened a currency, and revealed deeply problematic failings at a buccaneering Swiss bank.
In giving Dodd-Frank the Botox treatment, Congress misses the point of what's wrong with financial regulation: It's an old mess.
While codes of conduct in banking may help, the tsunami of financial regulation over the past few decades has swept aside much of the sense of personal accountability.
All eyes will be on how ASIC and APRA respond to the findings of the banking royal commission. Will they be defensive about past mistakes, or move forward with tighter regulations?
Australian regulators face similar problems as their Australian counterparts in getting cryptocurrency platforms to regulate and prosecuting them when things go wrong.
Crypto cash is catnip for criminals and a huge challenge to law enforcement – so it's time to bring in a tough, jurisdiction-busting regulatory body.
Within the world of cryptocurrencies, ICOs are the way to raise funds – but without any government oversight.
As the federal government changes the rules around credit cards, it should force companies to be more transparent about fees.
The government's best ideas for how to grow wages and incomes do not inspire confidence.
Instead, we need to burn the entire system of financial regulation to the ground and replace it with something that supports investing the way it's done today.
Some argue, determinedly and erroneously, that when functioning correctly bank capital levels are almost magical things.
2016 was not a good year for ASIC and now it looks like it might run up the white flag on its BBSW legal case.
Is the financial system headed for another 'Lehman moment'? Perhaps, but a bailout isn't the solution. More capital is, something Trump should remember as he rewrites U.S. bank rules.
To boost competition in banking we should give consumers better access to data and account number portability.