The visible hand

Displaying 41 - 50 of 52 articles

Banks to stay - not go!

It is such a shame that the story of lemmings rushing pell-mell over a cliff to their deaths is just a myth created by Walt Disney because it describes really well the panic that sometimes grips financial…

Making Money is Taxing

Income tax returns are back in the news but as Herman Wouk, the prizewinning author of the Caine Mutiny quipped Income tax returns are the most imaginative fiction being written today. A little thought…

Crowdfunding – Not so Innovative?

Aldous Huxley wrote That men do not learn very much from the lessons of history is the most important of all the lessons of history Crowdfunding is the new big thing. The Member for Wentworth, now Prime…

Another day, Another IT failure

St George Bank ruined a lot of bank holiday plans this weekend when their online banking systems stopped working. The bank’s Internet systems appear to have stopped working on Sunday evening and were still…

Exciting times for the Financial System

Like Malcolm Turnbull, the head of the Australian Prudential Regulation Authority (APRA), Wayne Byres, is a glass half full type of guy. In a speech to the Institute of Actuaries this week, Mr Byres was…

Do the Crime, Do the Time

As part of the government’s newly found willingness to send ministers jetting off to far-flung places to find out what is actually going on (and gaining credits in the polls for doing so), the Prime Minister…
AAP/Dean Lewins

Banks and government on warning

Regulators tend to talk in convoluted riddles, deliberately torturing the language such that one is able to read into their official statements almost anything one wants. Who can forget the patron saint…

Unleash the Gorilla!

The successful conviction of LIBOR ‘ringmaster’, Tom Hayes, is a much needed win for the UK Serious Fraud Office (SFO), which had been under pressure for its lacklustre performance over many years. But…

IOOF - Protecting the Whistle-blower

The IOOF circus is back in town and the performance of the stars promises to be even more entertaining than last time. The story so far. In December 2014, an employee of IOOF, which runs the second largest…