The visible hand

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Ground the banks until they learn to behave?

Five minutes, that’s all! Behave tolerably well for 5 minutes each day, for 25 measly minutes each week, that’s all we ask. The rest of the time, traders can behave like overgrown schoolyard bullies, as…
Westpac Chief Executive Officer Brian Hartzer gave excuses for traders behaviour in regards to the BBSW benchmark. David Moir/AAP

Banking excuses wearing a bit thin

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.

Banking regulation – descent into farce

It may be the effect of the election but the regulation of banking in Australia appears to be descending into farce. Just last week, maybe in anticipation of adverse events to come, the Australian Financial…

BBSW – too dumb to understand?

The reactions of ANZ and Westpac management to recent legal actions by ASIC alleging manipulation of the Bank Bill Swap Rate (BBSW) benchmark are instructive of the attitudes of the major banks. ANZ wheeled…

Banking – the culture wars

It’s official, it’s war. David Murray kicked the war off this week with his rather immoderate potshot at the corporate regulator, ASIC, for its efforts to address banking culture And to be perfectly candid…

Dr Benjamin Koh – Australian of the Year 2017?

How can someone go to bed at night with a clear conscience, knowing that somewhere in Australia there’s someone that’s dying… in their darkest hour? What are the rules for nominating someone for an Australian…