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Articles on Dodd-Frank Act

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At first glance, these programs might seem attractive. But they suffer from fundamental flaws. (Shutterstock)

Bounty programs: Ineffective in the war on money laundering

There is a growing trend to import another Americanism into the Canadian anti-money laundering strategy: a whistleblower incentive program that would amount to bounty hunting for violations.
A whirlwind of speculation about Deutsche Bank’s health has surrounded its headquarters in Munich. AP Photo/Michael Probst

Deutsche Bank turmoil shows risks of weakening bank capital standards

Is the financial system headed for another ‘Lehman moment’? Perhaps, but a bailout isn’t the solution. More capital is, something Trump should remember as he rewrites U.S. bank rules.
There are shortcomings in celebrity led campaigns against “conflict minerals” such as the one in which US actress Robin Wright is involved. Robin Wright's instagram

The problem with Western activists trying to do good in Africa

The relationship between advocacy organisations based in Western capitals and their marketed constituency of marginalised and disadvantaged African groups is tenuous. What then, is the goal?
The conflict mineral provision has hurt the victims of the violence more than the perpetrators. Reuters

Wall Street watchdog SEC can’t end violence in Congo

Congress tasked the SEC with reducing violence in Congo through Dodd-Frank’s conflict minerals provision. A laudable goal, but the SEC can’t achieve it.
In the wake of the GFC and the Occupy protests, critics have not shied away from voicing their anger at Wall Street. Flickr\Matthew Knott

Making the case for Wall Street

The first thing that strikes you when you re-read the “Declaration” issued in autumn 2011 by the Occupy protesters assembled in Zuccotti Park in downtown Manhattan is how little of it actually relates…
The US has taken action against the use of conflict minerals, but Australia is yet to follow suit. AAP

Australia needs to act on conflict minerals

Last month, the US Securities and Exchange Commission (SEC), responsible for regulating capital markets, ruled in favour of laws prohibiting the use of “conflict minerals”. The new regulations have set…
Taking care of business: given the glacial pace of financial reforms since the GFC, it is not unreasonable to expect another crisis of the same magnitude. _Davo_

Crisis? What crisis? Five years on, we’ve surrendered to the global financial sector

It has been five years since the sub-prime mortgage crisis emerged in the US. This was followed by financial institutions suffering liquidity shortfalls in both US and Europe, and their eventual collapse…
The US Securities and Exchange Commission has become involved in the fight against the use of “conflict minerals” from the Democratic Republic of Congo. Exploitation of its vast resources has been at the centre of the country’s decades-long conflict. AAP

SEC takes on humanitarian role over Congo’s ‘conflict’ minerals

The US capital markets regulator, the Securities and Exchange Commission, has voted in favour of what has widely become known as the “conflict minerals” ruling. Aimed at reducing the illegal trade in resources…
Demonstrators in front of Standard & Poor’s credit rating agency offices in Paris 15 January 2012. AAP

Why we should be wary of ratings agencies

For decades, credit ratings agencies were largely ignored by the masses, but in recent months they have continued to hit the headlines again and again. The big three (Standard & Poor’s, Moody’s and…

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