The visible hand
Displaying 31 - 40 of 52 articles
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…
In its first quarter results this month, the National Australia Bank (NAB), breathed a sigh of relief announcing that the “separation” of Clydesdale had been “successful” with an expected loss of approximately…
Greg Medcraft, chairman of the corporate regulator ASIC, is a distinguished banker who worked for 27 years in the obscure world of asset securitisation with the large French bank Societe Generale. He helped…
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…
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…
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…
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…
Tax is back in the news with the release of information of the taxes paid (or rather not paid) by some of the biggest companies operating in Australia. After much hand wringing (and a break for Christmas…
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…
A substantial fine, of US$ 150 million on Barclay’s bank by the New York State Department of Financial Services (NYDFS) has given us a little glimpse into the future direction of bank misconduct and it…