The visible hand

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It’s too soon to say what advantages there are to issuing government bonds using blockchain technology. www.shutterstock.com

CBA’s test of government bond using the blockchain, is just that

Despite a media statement announcing that Commonwealth Bank of Australia (CBA) and Queensland Treasury Corporation (QTC) have created the first government bond using the blockchain (dubbed the “cryptobond…
It might be too soon to say that smart contracts will do away with lawyers all together. www.shutterstock.com

Smart contracts – smart or dumb?

Consider, for a moment, these two statements from the “Ultimate Guide to Understanding Blockchain Smart Contracts” on a well known Blockchain website: 1) Traditional Contracts “Traditional physical contracts…
ASX took a wrong bet with Blockchain. www.shutterstock.com

What next for the ASX and Blockchain in 2017?

What a difference a year makes. In January 2016, ASX was bathing in the warm glow of having been acclaimed by Blythe Masters, an American super saleswoman and head of a Blockchain start-up called Digital…
Blockchain can’t solve every problem in the finance industry. www.shutterstock.com

Blockchain – not fit for financial markets

For a discipline that is supposedly rational, finance has had its fair share of irrational crazes. For example, the dotcom bubble and the collateralized debt obligation craze that led to the global financial…
Banking inquiries in their current form serve as political theatre, rather than as a genuine form of accountability. Lukas Coch/AAP

Banking inquiry findings – ask the wrong questions get the wrong answers

Members of House Standing Committee on Economics should be asking the directors of Australia's Big Four banks (not the CEOs) different questions, if they really want the right answers.
A transaction of 88 bales of cotton in Qingdao sometime in early November is been hailed as revolutionary. Dave Hunt/AAP

Blockchain: reinventing the squeaky wheel

Apparently, the world is holding its breath on the unloading of a few bales of cotton, which “could change trade forever”. In Qingdao sometime in early November, 88 bales of cotton will be unloaded and…
The Australian Prudential Regulation should be put up for a capability review. Mick Tsikas/AAP

APRA take the easy road out with risk culture

Just when we all thought that the Australian Securities and Investments Commission (ASIC) had already won the race to be most ineffective regulator of the year, up pops the Australian Prudential Regulation…
Did ANZ CEO Shayne Elliot let the cat out of the bag on manipulation of BBSW when speaking at the Standing Committee on Economics annual hearing? Lukas Coch/AAP

Just what else did ANZ uncover when looking at BBSW?

In his response to questioning by MPs at the House Economics Committee hearings into the big four banks, Mr Shayne Elliott, CEO of ANZ, may have inadvertently let the cat out of the bag, When questioned…