Even though some traditional financial firms parked millions in the bankrupt company – once valued at $30 billion – the impact of FTX’s spectacular crash is limited to crypto investors
The UK’s cost of living crisis has exposed the financial vulnerability of consumers, especially those using ‘buy now, pay later’ products.
The SEC’s proposed rules include some reporting of so-called Scope 3 emissions, in companies’ supply chains and use of their products.
AP Photo/Noah Berger
The inaugural chair of the ACCC says Gina Cass-Gottlieb’s experience opposing the ACCC in court will prove invaluable, and that it’s time to appoint a lawyer as chair.
American citizenship is not as coveted as it once was.
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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 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.
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.
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.
Using blockchain technology can feel like falling and hoping someone will catch you.
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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.
Board-level risk indicators include one person dominating meetings or a culture of blaming and withholding information.
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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 collapse of a royal commission witness provided a reminder of the stark differences between financial services and health services when it comes to caring for customers.
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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.