Author: Carolyn Currie
Publisher:
ISBN:
Category : Financial institutions
Languages : en
Pages : 31
Book Description
The Wallis Inquiry, an Information Brief from the Perspective of a Political Economic Historian
Author: Carolyn V. Currie
Publisher:
ISBN:
Category :
Languages : en
Pages : 21
Book Description
This paper presents an overview of the findings, recommendations and the rationale of the Wallis Inquiry compared to those of a major competitor, a conference on the future of the Australian Financial System run by the Economic Group of the Reserve Bank of Australia. The conclusion of this overview is that although the Wallis Inquiry presents the potential for radical change in the financial system vis a changing of the deliniation between the banking and non banking sectors, in relation to loosening protective measures aimed at confining bank shareholdings, in relation to removing restrictive measures confining equity links between banks and customers and industrial investors, and removing measures preventing the opening up of the financial sector to more competition and more concentration, the final outcome will probably be minimalistic. One, because the position and lobbying power of the banking sector, combined with the countervailing power of providers of insurance and superannuation, will ensure their particular interests are protected. Two, because the power of the Australian Competition and Consumer Commission (ACCC) has been changed in terms of vetoing mergers and acquisitions in the financial sector, possibly deflecting flack from the government for unpopular decisions. Three, because the Reserve Bank of Australia remains vehemently oposed to the hiving off of prudential supervision to a new Commonwealth agency, The Australian Prudential Regulation Commission (APRC) as well as the combining of prudential supervision of all financial institutions in the one body. Finally, whether the approach of the Wallis Inquiry is adopted or not depends on the passage of legislation through both houses of parliament, a political factor which could mean that the Wallis Inquiry is merely an academic exercise in scenario analysis.
Publisher:
ISBN:
Category :
Languages : en
Pages : 21
Book Description
This paper presents an overview of the findings, recommendations and the rationale of the Wallis Inquiry compared to those of a major competitor, a conference on the future of the Australian Financial System run by the Economic Group of the Reserve Bank of Australia. The conclusion of this overview is that although the Wallis Inquiry presents the potential for radical change in the financial system vis a changing of the deliniation between the banking and non banking sectors, in relation to loosening protective measures aimed at confining bank shareholdings, in relation to removing restrictive measures confining equity links between banks and customers and industrial investors, and removing measures preventing the opening up of the financial sector to more competition and more concentration, the final outcome will probably be minimalistic. One, because the position and lobbying power of the banking sector, combined with the countervailing power of providers of insurance and superannuation, will ensure their particular interests are protected. Two, because the power of the Australian Competition and Consumer Commission (ACCC) has been changed in terms of vetoing mergers and acquisitions in the financial sector, possibly deflecting flack from the government for unpopular decisions. Three, because the Reserve Bank of Australia remains vehemently oposed to the hiving off of prudential supervision to a new Commonwealth agency, The Australian Prudential Regulation Commission (APRC) as well as the combining of prudential supervision of all financial institutions in the one body. Finally, whether the approach of the Wallis Inquiry is adopted or not depends on the passage of legislation through both houses of parliament, a political factor which could mean that the Wallis Inquiry is merely an academic exercise in scenario analysis.
The Wallis Inquiry, an Information Brief from the Perspective of a Political Economic Historian
Author: Carolyn Currie
Publisher:
ISBN:
Category : Financial institutions
Languages : en
Pages : 31
Book Description
Publisher:
ISBN:
Category : Financial institutions
Languages : en
Pages : 31
Book Description
The Wallis Inquiry, an Information Brief from the Perspective of a Political Economic Historian /Carolyn Currie
Author: Carolyn Currie
Publisher:
ISBN:
Category : Financial institutions
Languages : en
Pages : 16
Book Description
Publisher:
ISBN:
Category : Financial institutions
Languages : en
Pages : 16
Book Description
The Great Post Office Scandal
Author: Nick Wallis
Publisher: Bath Publishing Limited
ISBN: 1838439056
Category : Business & Economics
Languages : en
Pages : 511
Book Description
The Great Post Office Scandal is the extraordinary story behind the recent ITV drama series Mr Bates vs The Post Office. This gripping page-turner recounts how thousands of subpostmasters were accused of theft and false accounting on the back of evidence from Horizon, the flawed computer system designed by Fujitsu, and how a group of them, led by Alan Bates, took their fight to the High Court. Their eventual victory in court vindicated their claims about the defects of the software and exposed the heavy handed attempts by the Post Office to suppress them. The book also chronicles how successive senior managers, business leaders, lawyers, civil servants and Government ministers, at best failed to expose the injustice or, even worse, sought to cover it up, resulting in one of the largest miscarriages of justice in UK history. The author, Nick Wallis, is a journalist and broadcaster who has been reporting on the scandal for over ten years and who acted as script consultant on Mr Bates vs The Post Office, the ITV drama that brought the affair into the national consciousness. As the public inquiry reaches its climax, and senior figures such as Paula Vennells come to be questioned, The Great Post Office Scandal reveals the full scale of what happened and will leave you enraged at how so many of our trusted institutions allowed the saga to go on for nearly a quarter of a century, shattering the lives of thousands of innocent people.
Publisher: Bath Publishing Limited
ISBN: 1838439056
Category : Business & Economics
Languages : en
Pages : 511
Book Description
The Great Post Office Scandal is the extraordinary story behind the recent ITV drama series Mr Bates vs The Post Office. This gripping page-turner recounts how thousands of subpostmasters were accused of theft and false accounting on the back of evidence from Horizon, the flawed computer system designed by Fujitsu, and how a group of them, led by Alan Bates, took their fight to the High Court. Their eventual victory in court vindicated their claims about the defects of the software and exposed the heavy handed attempts by the Post Office to suppress them. The book also chronicles how successive senior managers, business leaders, lawyers, civil servants and Government ministers, at best failed to expose the injustice or, even worse, sought to cover it up, resulting in one of the largest miscarriages of justice in UK history. The author, Nick Wallis, is a journalist and broadcaster who has been reporting on the scandal for over ten years and who acted as script consultant on Mr Bates vs The Post Office, the ITV drama that brought the affair into the national consciousness. As the public inquiry reaches its climax, and senior figures such as Paula Vennells come to be questioned, The Great Post Office Scandal reveals the full scale of what happened and will leave you enraged at how so many of our trusted institutions allowed the saga to go on for nearly a quarter of a century, shattering the lives of thousands of innocent people.
The Wallis Report and the Australian Financial System
Author: James Oliver Newton Perkins
Publisher: Melbourne University
ISBN:
Category : Business & Economics
Languages : en
Pages : 84
Book Description
Publisher: Melbourne University
ISBN:
Category : Business & Economics
Languages : en
Pages : 84
Book Description
Financial System Inquiry
Author: Financial System Inquiry (Australia)
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 104
Book Description
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 104
Book Description
The Impact of the Wallis Inquiry in New Zealand
Author: FinSec (N.Z.)
Publisher:
ISBN: 9780958364607
Category : Banks and banking, Australian
Languages : en
Pages : 16
Book Description
Publisher:
ISBN: 9780958364607
Category : Banks and banking, Australian
Languages : en
Pages : 16
Book Description
The Regulatory Aftermath of the Global Financial Crisis
Author: Eilís Ferran
Publisher: Cambridge University Press
ISBN: 1139851780
Category : Law
Languages : en
Pages : 433
Book Description
The EU and the US responded to the global financial crisis by changing the rules for the functioning of financial services and markets and by establishing new oversight bodies. With the US Dodd–Frank Act and numerous EU regulations and directives now in place, this book provides a timely and thoughtful explanation of the key elements of the new regimes in both regions, of the political processes which shaped their content and of their practical impact. Insights from areas such as economics, political science and financial history elucidate the significance of the reforms. Australia's resilience during the financial crisis, which contrasted sharply with the severe problems that were experienced in the EU and the US, is also examined. The comparison between the performances of these major economies in a period of such extreme stress tells us much about the complex regulatory and economic ecosystems of which financial markets are a part.
Publisher: Cambridge University Press
ISBN: 1139851780
Category : Law
Languages : en
Pages : 433
Book Description
The EU and the US responded to the global financial crisis by changing the rules for the functioning of financial services and markets and by establishing new oversight bodies. With the US Dodd–Frank Act and numerous EU regulations and directives now in place, this book provides a timely and thoughtful explanation of the key elements of the new regimes in both regions, of the political processes which shaped their content and of their practical impact. Insights from areas such as economics, political science and financial history elucidate the significance of the reforms. Australia's resilience during the financial crisis, which contrasted sharply with the severe problems that were experienced in the EU and the US, is also examined. The comparison between the performances of these major economies in a period of such extreme stress tells us much about the complex regulatory and economic ecosystems of which financial markets are a part.
Wallis Inquiry
Author: Financial System Inquiry (Australia)
Publisher:
ISBN: 9780642261021
Category : Financial institutions
Languages : en
Pages : 771
Book Description
Publisher:
ISBN: 9780642261021
Category : Financial institutions
Languages : en
Pages : 771
Book Description
Wallis Inquiry
Author: Australian Business Chamber
Publisher:
ISBN:
Category : Financial institutions
Languages : en
Pages : 42
Book Description
Publisher:
ISBN:
Category : Financial institutions
Languages : en
Pages : 42
Book Description