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New laws on bankers behaving badly don’t matter in light of ASIC inaction

Journal Article


Abstract


  • The governmnent’s new laws to tackle manipulation of the bank bill swap rate may seem like a crackdown on badly behaving bank employees but in reality the Australian Securities and Investments Commission (ASIC) hasn’t used the full force of the law in the past to prosecute. So perhaps it’s time Australia followed the lead of the US and UK who are really using law to hold banks to account.

Publication Date


  • 2016

Citation


  • A. Schmulow, 'New laws on bankers behaving badly don’t matter in light of ASIC inaction' (2016) 5 October The Conversation 1-4.

Number Of Pages


  • 3

Start Page


  • 1

End Page


  • 4

Volume


  • 5 October

Place Of Publication


  • Australia

Abstract


  • The governmnent’s new laws to tackle manipulation of the bank bill swap rate may seem like a crackdown on badly behaving bank employees but in reality the Australian Securities and Investments Commission (ASIC) hasn’t used the full force of the law in the past to prosecute. So perhaps it’s time Australia followed the lead of the US and UK who are really using law to hold banks to account.

Publication Date


  • 2016

Citation


  • A. Schmulow, 'New laws on bankers behaving badly don’t matter in light of ASIC inaction' (2016) 5 October The Conversation 1-4.

Number Of Pages


  • 3

Start Page


  • 1

End Page


  • 4

Volume


  • 5 October

Place Of Publication


  • Australia