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.
Sales incentives must change to ensure service is rewarded over targets.
Keeping public information about companies locked up behind paywalls and maintained by private interests is not in the public interest.
The universal reform of the banking system will take more than another inquiry.
The people wanted reform but they got excuses, and now populism is winning.
Lower interest rates will only have the stimulatory effect required if they are passed on to borrowers.
What seems to be a simple question of banks’ responsibilities is actually a major issue playing out where social security, banking, property, criminal and constitutional law intersect.
With all the weight of evidence stacked against the banks in the case of BBSW benchmark, surely now is the time for the government to enforce regulation.