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ASIC Offers Some Hope for Banking Fairness

Recently, supervision of the Banking Code of Practice moved from the Australian Prudential Regulation Authority (APRA) to the Australian Securities and Investments Commission (ASIC), who have initiated a thorough review of the code. This first draft of the new code has many shortcomings, and I asked about these. From their answers, it is clear that […]

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The WHO Is Taking Two Shots At Increasing Its Powers

There are currently two separate proposals being promoted by the WHO to increase their power. Firstly, the new Pandemic Agreement and secondly, changes to the WHO’s ‘operating manual’, the International Health Regulations. As the latest version of these documents is not online, I asked the Health Department to provide them. Given that New Zealand has […]

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Media Release: Suncorp Deal a Wasted Chance for People’s Bank

The ACCC ruled last year that allowing ANZ to buy Suncorp would reduce banking competition. Today, the Australian Competition Tribunal disagreed and allowed the merger. The Tribunal’s decision is a wasted opportunity when Suncorp should have been bought and turned into a People’s Bank. There is some logic to the Tribunal’s decision. Australian banks are, […]