Some 10,000 people are likely to give up their US passport this year, way above average. Are they fleeing COVID-19? Nasty politics? Taxes? None of the above, says an expert on American citizenship.
The banks hoped last year’s PPI deadline would draw a line under the scandal - but the claims keep coming.
The Bank of Canada is proposing a federally managed digital currency that flies in the face of the decentralized approach to money that cryptocurrencies have established.
Attitudes to banks are changing. This requires them to be more customer centric, and to take their role in society more seriously.
Anti-money laundering efforts are based on measuring activity, not results. To cut crime and terrorism, we need a frank conversation about where the system has gone wrong.
Libra has lost seven of its 28 founding members – but don’t expect that to hold it back.
Mobile loan platforms have given Kenyans access to easy loans, but they come at a high price.
Iran has long recognised the benefits of using cryptocurrencies to counter US sanctions.
The CEO of a Canadian cryptocurrency company died recently, and took his passwords with him, leaving his clients high and dry. The debacle illustrates again that cryptocurrencies should be regulated.
Blockchain technology was supposed to make trust unnecessary – but that turns out not to be true. Most people will want laws and regulations to help make blockchain-based systems trustworthy.
It is a furphy that regulation for good corporate culture is impossible. It is done in the Netherlands and it is already under way in Australia, albeit in an unacknowledged, and limited, form.
The financial services industry is in need of a new paradigm to rediscover what finance is for – to improve the financial and economic well-being of society.
The world’s largest financial scandal has toppled a government, threatened a currency, and revealed deeply problematic failings at a buccaneering Swiss bank.
In giving Dodd-Frank the Botox treatment, Congress misses the point of what’s wrong with financial regulation: It’s an old mess.
While codes of conduct in banking may help, the tsunami of financial regulation over the past few decades has swept aside much of the sense of personal accountability.
All eyes will be on how ASIC and APRA respond to the findings of the banking royal commission. Will they be defensive about past mistakes, or move forward with tighter regulations?
Australian regulators face similar problems as their Australian counterparts in getting cryptocurrency platforms to regulate and prosecuting them when things go wrong.
Crypto cash is catnip for criminals and a huge challenge to law enforcement – so it’s time to bring in a tough, jurisdiction-busting regulatory body.
Within the world of cryptocurrencies, ICOs are the way to raise funds – but without any government oversight.
As the federal government changes the rules around credit cards, it should force companies to be more transparent about fees.