Articles on financial regulation

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Access to small loans is getting easier, but not everyone is resilient enough to manage their finances. Image sourced from shutterstock.com

Four reasons payday lending will still flourish despite Nimble’s $1.5m penalty

The payday lending sector is under scrutiny again after the Australian Securities and Investment Commission’s investigation into Nimble. After failing to meet responsible lending obligations, Nimble must…
Banks must accept they can’t control the values, beliefs and behaviours of their employees. Image sourced from Shutterstock.com

‘Command and control’ banks have got ethics and culture all wrong

Banks may pay lip service to ethical cultures but often curtail the critical questioning that allows ethical issues to be surfaced in the first place.
ASIC Chairman Greg Medcraft and Commissioner Cathie Armour during a Senate Estimates hearing at Parliament House. Medcraft told the hearing ASIC must be a ‘model litigant’. Mick Tsikas/AAP

ASIC v ANZ rate-rigging case will be one of epic proportions

ASIC has a high success rate, but its high-profile civil action against ANZ Bank will be a tough battle to win.
Martin Shkreli had victims long before he turned his hand to pharmaceuticals. Lucas Jackson/Reuters

Martin Shkreli and the outrage of inequality

The lack of transparency and accountability found in the hedge fund world is increasingly finding a home in the pharmaceutical sector, where more people care.
In bank stress tests, what’s worse: runs or lemons (the other kind)? Lemons via www.shutterstock.com

Runs versus lemons: why US bank stress tests succeeded while Europe’s failed

US regulators chose to reveal detailed information to the public about the state of the banks. They were able to be so transparent, without triggering a run, because of a strong fiscal backstop.
PayPal is far more dominant in online payments in the US than Australia where traditional players have defended the market. Geoff Livingston/Flickr

Fintech might be hot right now, but banks are still winning

Venture capital money is starting to flow into Australian fintech, but success will largely be based on whether new players can innovate in areas where bank's aren't.

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