The visible hand

Displaying 31 - 40 of 52 articles

ASIC finally pulls the BBSW trigger on ANZ

Almost three years after the hares were set running on the Bank Bill Swap Reference Rate (BBSW) scandal by the US regulator the Commodities Futures Trading Commission (CTFC), ASIC has finally taken out…

The King’s See-Though Clothes

It’s 1966 all over again and see-through is back in fashion. In the financial world, ‘transparency’ has become the new fashion statement. For example, to quote one ‘entrepreneur’, Brian Forde, in Sydney…

Masters – A failure of corporate governance?

This week, Masters has on offer a white and gold rococo style mirror. If Woolworths’ Chairman, Gordon Cairns, were to nip down to his local Masters warehouse (no need to rush, plenty of parking available…

Bunnings – a game of clones

Just a day after Woolworths limped from the Do-It-Yourself battlefield, the Wesfarmers dynasty (owners of Bunnings) announced its plan to invade the United Kingdom. For Woolies, its foray into Masters…

Blockchain – A Regulatory Unicorn?

Never one to let a bandwagon pass by, Greg Medcraft, the Chairman of the Australian Securities and Investments Commission (ASIC), has enthusiastically hopped onto the Blockchain wagon. Mr Medcraft has…

Woolies – not Masters of Risk

It has been said, rather cruelly, that risk management is 99% hindsight after 1% perspiration. That is because many failures of risk management only come to light after a disaster happens. But that is…