Here we go again. A year on, we’re having the same debate about banking regulation.
Financial regulation
‘Populist bank-bashing’ gets another endorsement
The G20’s new rules on bank capital and liquidity further strengthen the case for an overhaul of domestic banking regulation.
ANZ’s Mike Smith is the problem … Hockey is offering solutions
The ANZ’s Mike Smith and Wayne Swan don’t want to acknowledge the reality that Joe Hockey’s banking regulation proposals are anything but “out there”. Just ask the IMF.
Hockey proves it doesn’t pay to take policy risks
Yet again serious policy is being overlooked in favour of the media’s obsession with personalities and internal politics. No wonder we have a reform drought.
Hockey on banks saying what Labor should be
While Joe Hockey gets a belting, officials are pointing out exactly the banking cartel problems he is talking about.
Hockey gets it right on banks
Joe Hockey may have stumbled on interest rate regulation this regulation, but he is right to call for a debate about the way we regulate the banks.
Obama vs. the Wall Street bigwigs
Wall Street thinks Barack Obama is an anti-capitalist, Obama thinks he’s saving Wall Street from itself. Check out this fascinating article into the tumultuous relationship between Obama and the banks.
Meet the players who want to clean up Wall St — and those who don’t
Regulating Wall Street: it’s a messy issue. Politicians are desperate for reform post-GFC, big businesses are scared of the cash it’ll cost them. Barrie McKenna explains who wants what.
Obama takes on the banks — what will Rudd and Swan do?
Barack Obama is willing to fight US banks to constrain the sort of risk-taking that led to the GFC. Will Kevin Rudd and Wayne Swan do the same?
Brown and Sarkozy: What the world needs now is financial regulation
Great Britain PM Gordon Brown and French president Nicolas Sarkozy join forces to pen this mission statement on the need for greater global financial regulation and supervision, foreshadowing Sarkozy’s support for Brown’s new bonus tax.
Is the US Fed about to get neutered?
US Democrat senators are looking to overhaul the country’s financial system, stripping the Federal Reserve of its supervisory powers and creating three new agencies to protect consumers and police banks. You can read the whole proposed Bill here.
Why the GFC will happen again
At the nadir of the GFC, few ideas seemed too extreme for consideration to overhaul the regulation of banks, write Theo Francis and Peter Coy. But the G20’s weakened reform plan won’t give the system the kick in the pants it needs.
Naked shorts get the boot
A new Stateside regulation means the odious practice of naked short selling has all but evaporated.
G20 ends era of unregulated international finance
It won’t quite bring transnational corporations to heel, but life for the financial branch of that family is going to get a whole lot less private, writes Bernard Keane.
Crikey Says: Crikey Says
The failure of the Opes Prime group and the daily disclosures of conflicts of interest, poor administration, indifferent regulation and the overriding air of collusive secrecy, is enough justification for an inquiry into the Australian financial markets.
