Banking Bad

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Publisher : HarperCollins Australia
ISBN 13 : 1460711432
Total Pages : 286 pages
Book Rating : 4.4/5 (67 download)

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Book Synopsis Banking Bad by : Adele Ferguson

Download or read book Banking Bad written by Adele Ferguson and published by HarperCollins Australia. This book was released on 2019-08-01 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Winner of the 2020 Davitt Award for True Crime/Non-fiction. Against all the odds, Australia held a royal commission into the banking and financial services industries. Its revelations rocked the nation. Even defenders of the banks were blindsided. Few people were more instrumental in bringing about the commission than journalist Adele Ferguson. Through her exposes in print and on television, she pursued the truth about funds mismanagement, fraud, lack of probity, and the hard-sell culture that took over the finance industry after deregulation in the 1980s. But it wasn't just light-touch regulators and crooked bankers growing fat on bonuses she put under the spotlight. It was also their victims - men and women who had lost everything, and had no recourse when they discovered empty accounts, egregious fees, forged documents and broken promises. Now in Banking Bad, Ferguson tells the full story of the power imbalance, toxic culture and cover-ups. She describes the long fight for justice by whistleblowers, victims and political mavericks, and she looks at the outcomes of the royal commission - the falls from grace, the damaging hubris, the scathing assessment of the regulators, and the colossal compensation bill - an estimated $10 billion. Finally, she asks whereto from here? In May 2019, the Coalition government, which resisted calls for a royal commission, was re-elected. Bank stocks surged and lending regulations were loosened. Will it all be business as usual from now on, or have our financial executives learned that their wealth cannot come at the expense of ordinary Australians? This is a book for every person with a bank account. PRAISE 'If you want a glimpse of the reality distortion that multi-millionaire bankers live in, you need to read Banking Bad.' - Scott Pape 'Ferguson's pacey writing style gives the book the air of a corporate thriller.' - Michael Rowland, ABC News Breakfast 'And for those of who anticipate that corporate Australia will lapse back into the state of complacency and misconduct revealed in the APRA CBA Report and the Hayne Royal Commission, ... should read the whole book for themselves - for no other reason than that it so clearly identifies the issues of governance and culture that seems to have escaped them for so long.' - Graeme Samuel, Professorial Fellow in the Monash Business School and former chairman of the ACCC '[Adele] recounts a colourful cast of bullies, thieves and crooks being rewarded extraordinary sums to rip off customers.' - Money Magazine

It's Your Money

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Author :
Publisher : Black Inc.
ISBN 13 : 1743820747
Total Pages : 256 pages
Book Rating : 4.7/5 (438 download)

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Book Synopsis It's Your Money by : Alan Kohler

Download or read book It's Your Money written by Alan Kohler and published by Black Inc.. This book was released on 2019-08-19 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: You don’t need to be an expert to manage your money well, but you do need to know how to choose trustworthy advisers and services. In It’s Your Money, Alan Kohler, one of Australia’s most trusted financial experts, offers unique insights into and thorough analysis of the crisis in financial services. Having observed the industry first-hand for more than forty-five years, Kohler sees the big picture in a way no-one else can. With a sharp and unflinching eye, Kohler explains how the stage was set for corruption, breaks down the royal commission’s findings and unpacks what it means for you. He shares his investing philosophy and offers advice on all aspects of financial planning, including appraising financial plans, growing your superannuation, and finding ethical investments. He gives you the knowledge and insight you need to invest sensibly to protect and grow your money. It’s Your Money is an indispensable guide for anyone who wants to do more with their money.

The Financial Crisis Inquiry Report

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Author :
Publisher : Cosimo, Inc.
ISBN 13 : 1616405414
Total Pages : 692 pages
Book Rating : 4.6/5 (164 download)

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Book Synopsis The Financial Crisis Inquiry Report by : Financial Crisis Inquiry Commission

Download or read book The Financial Crisis Inquiry Report written by Financial Crisis Inquiry Commission and published by Cosimo, Inc.. This book was released on 2011-05-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.

People Risk Management

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Publisher : Kogan Page Publishers
ISBN 13 : 0749471360
Total Pages : 312 pages
Book Rating : 4.7/5 (494 download)

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Book Synopsis People Risk Management by : Keith Blacker

Download or read book People Risk Management written by Keith Blacker and published by Kogan Page Publishers. This book was released on 2015-04-03 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: People Risk Management provides unique depth to a topic that has garnered intense interest in recent years. Based on the latest thinking in corporate governance, behavioural economics, human resources and operational risk, people risk can be defined as the risk that people do not follow the organization's procedures, practices and/or rules, thus deviating from expected behaviour in a way that could damage the business's performance and reputation. From fraud to bad business decisions, illegal activity to lax corporate governance, people risk - often called conduct risk - presents a growing challenge in today's complex, dispersed business organizations. Framed by corporate events and challenges and including case studies from the LIBOR rate scandal, the BP oil spill, Lehman Brothers, Royal Bank of Scotland and Enron, People Risk Management provides best-practice guidance to managing risks associated with the behaviour of both employees and those outside a company. It offers practical tools, real-world examples, solutions and insights into how to implement an effective people risk management framework within an organization.

The fundamental principles of financial regulation

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (11 download)

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Book Synopsis The fundamental principles of financial regulation by : Markus Konrad Brunnermeier

Download or read book The fundamental principles of financial regulation written by Markus Konrad Brunnermeier and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Royal Commissions and Public Inquiries in Australia

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Publisher :
ISBN 13 : 9780409322545
Total Pages : 0 pages
Book Rating : 4.3/5 (225 download)

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Book Synopsis Royal Commissions and Public Inquiries in Australia by : Scott Prasser

Download or read book Royal Commissions and Public Inquiries in Australia written by Scott Prasser and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: While there have been many different studies on public inquiries, Royal Commissions and Public Inquiries in Australia provides the most comprehensive and up-to-date overview of public inquiries in Australia. It is based on rigorous and in-depth analysis spanning several decades, and has required patient and painstaking work in defining and identifying different federal public inquiries and monitoring their performance over the last 100 years. ROYAL COMMISSIONS AND PUBLIC INQUIRIES IN AUSTRALIA will be of interest to all who seek to better understand the particular role of public inquiries and what their continued appointment tells us about trends in Australian government generally.' From the Foreword by Professor John Wanna, The Sir John Bunting Professor of Public Administration, Australian National University. ROYAL COMMISSIONS AND PUBLIC INQUIRIES IN AUSTRALIA provides the first comprehensive overview of the extent, use and impact of Commonwealth public inquiries appointed since 1901. Specifically, this new book:* defines 'public inquiries,' and delineates them from other advisory bodies;* details trends in public inquiry numbers since Federation and compares these to overseas jurisdictions;* classifies the different types and forms of public inquiries;* explains public inquiry procedures, powers and associated legislation;* analyses why public inquiries are appointed and their roles in the political system;* assesses their impact on public policy; and,* explores the continuing and future roles of public inquiries. Covering public inquiries appointed by the Commonwealth government since Federation, particular attention is given to those public inquiries appointed during the last thirty years, when inquiry numbers increased markedly. References to numerous inquiries throughout the book are supplemented by detailed case studies of key public inquiries, including royal commissions and appointed by different governments. This authoritative book has been written by an expert in the field. Lecturer Dr Scott Prasser has worked in federal and state governments in senior policy and research advisory positions. ROYAL COMMISSIONS AND PUBLIC INQUIRIES IN AUSTRALIA will be a valuable reference for those interested in a widely used, but often neglected, advisory instrument of modern government that continues to influence many areas of public policy.

Corporate Finance

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Publisher : Cengage AU
ISBN 13 : 0170446077
Total Pages : 58 pages
Book Rating : 4.1/5 (74 download)

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Book Synopsis Corporate Finance by : John Graham

Download or read book Corporate Finance written by John Graham and published by Cengage AU. This book was released on 2020-10-30 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate Finance, 3e offers a dynamic, modern and practical approach that illustrates how financial management really works. It features up-to-date content including a focus on ethics in finance, following the Australian Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. This resource is distinguished by the cash-flow ‘arc’ of the narrative, which gives a practical learning path, and the use of real options - a practical analysis tool that is used in corporate finance. Students are provided with an engaging and contemporary learning path, giving them realistic preparation for a career in finance. The strong five-part framework of the book is supported by integrated online elements and easy-to-read chapter narratives. Premium online teaching and learning tools are available on the MindTap platform. Learn more about the online tools cengage.com.au/mindtap

1964 Report of the Royal Commission on Banking and Finance

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Publisher :
ISBN 13 :
Total Pages : 450 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis 1964 Report of the Royal Commission on Banking and Finance by : Canada. Royal Commission on Banking and Finance

Download or read book 1964 Report of the Royal Commission on Banking and Finance written by Canada. Royal Commission on Banking and Finance and published by . This book was released on 1965 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Report of the Hillsborough Independent Panel

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Publisher : The Stationery Office
ISBN 13 : 9780102980356
Total Pages : 400 pages
Book Rating : 4.9/5 (83 download)

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Book Synopsis The Report of the Hillsborough Independent Panel by : Hillsborough Independent Panel

Download or read book The Report of the Hillsborough Independent Panel written by Hillsborough Independent Panel and published by The Stationery Office. This book was released on 2012-09-12 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: 96 women, men and children died as a result of the disaster in Hillsborough Stadium on 15 April 1989. They were crushed due to overcrowding in the Leppings Lane terrace, penned in by the ground's fencing. Hundreds more were injured and thousands traumatised. Lord Justice Taylor led a judicial inquiry (1990, Cm. 962, ISBN 9780101096225), concluding that the main cause of the disaster was the failure of police control. The next 11 years saw a variety of investigations and proceedings, including a scrutiny of new evidence (Lord Justice Stuart-Smith, 1998, Cm. 3878, ISBN 9780101387828). Yet many bereaved families felt that the true context, circumstances and aftermath had not been adequately made public, and were particularly aggrieved that it had become widely assumed that Liverpool fans' behaviour had contributed to the disaster. The Independent Panel was established in 2010 to oversee full public disclosure of all documents relating to the disaster and to report on its work. This report is in three parts. Firstly it shows what was already known and in the public domain by 2010. Secondly, in 12 detailed chapters, it describes what the disclosed documents add to public understanding. The third part gives a review of options for providing an archive of the documents. The disclosed documents (available at http://panel.hillsborough.independent.gov.uk/) add considerably to public understanding. They show that multiple factors were responsible for the tragedy and that the fans were not the cause. The report also shows that the bereaved families met a series of obstacles in their search for justice over more than 20 years.

Microfinance Handbook

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Publisher : World Bank Publications
ISBN 13 : 0821384317
Total Pages : 304 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Microfinance Handbook by : Joanna Ledgerwood

Download or read book Microfinance Handbook written by Joanna Ledgerwood and published by World Bank Publications. This book was released on 1998-12-01 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of the 'Microfinance Handbook' is to bring together in a single source guiding principles and tools that will promote sustainable microfinance and create viable institutions.

Politically Exposed Persons

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Publisher : World Bank Publications
ISBN 13 : 0821383337
Total Pages : 126 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Politically Exposed Persons by : Theodore S. Greenberg

Download or read book Politically Exposed Persons written by Theodore S. Greenberg and published by World Bank Publications. This book was released on 2010-04-19 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, revelations of grand corruption and the plunder of state assets have led to greater scrutiny of financial relationships with politically exposed persons (PEPs) senior government officials and their family members and close associates. Notwithstanding the efforts by many financial institutions and regulatory authorities to prevent corrupt PEPs from entering and using the financial system to launder the proceeds of corruption, there has been an overall failure in the effective implementation of international standards on PEPs. Implementation of an effective PEP regime is a critical component in the prevention and detection of transfers of proceeds of crime and, therefore, ultimately in the process of recovering them. 'Politically Exposed Persons: Preventive Measures for the Banking Sector' is designed to help banks and regulatory authorities address the risks posed by PEPs and prevent corrupt PEPs from using domestic and international financial systems to launder the proceeds of corruption. The book provides recommendations and good practices aimed at improving compliance with international standards and increasing supervisory effectiveness. It is an important tool for individuals, governments, financial and private sector companies, and international organizations involved in developing and implementing standards aimed at fighting corruption and money laundering, and trying to recover stolen assets and the proceeds of corruption.

Visions of Financial Order

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Publisher : Princeton University Press
ISBN 13 : 069125544X
Total Pages : 320 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Visions of Financial Order by : Kim Pernell

Download or read book Visions of Financial Order written by Kim Pernell and published by Princeton University Press. This book was released on 2024-08-13 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: How differences in national financial regulatory systems emerged from divergent beliefs about economic order and prosperity The global financial crisis of the late 2000s was marked by the failure of regulators to rein in risk-taking by banks. And yet regulatory issues varied from country to country, with some national financial regulatory systems proving more effective than others. In Visions of Financial Order, Kim Pernell traces the emergence of important national differences in financial regulation in the decades leading up to the crisis. To do so, she examines the cases of the United States, Canada, and Spain—three countries that subscribed to the same transnational regulatory framework (the Basel Capital Accord) but developed different regulatory policies in areas that would directly affect bank performance during the financial crisis. In a broad historical analysis that extends from the rise of the first modern chartered banks in the 1780s through the major financial crises of the twentieth century and the Basel Capital Accord of 1988, Pernell shows how the different (and sometimes competing) principles of order embedded in each country’s regulatory and political institutions gave rise to distinctive visions of order and prosperity, which shaped subsequent financial regulatory design. Pernell argues that the different worldviews of national banking regulators reflected cultural beliefs about the ideal way to organize economic life to promote order, stability, and prosperity. Visions of Financial Order offers an innovative perspective on the persistent differences between regulatory institutions and the ways they shaped the unfolding of the 2008 global financial crisis.

Principles of Financial Regulation

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Publisher : Oxford University Press
ISBN 13 : 0198786476
Total Pages : 698 pages
Book Rating : 4.1/5 (987 download)

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Book Synopsis Principles of Financial Regulation by : John Armour

Download or read book Principles of Financial Regulation written by John Armour and published by Oxford University Press. This book was released on 2016 with total page 698 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examining the subject from a holistic and multidisciplinary perspective, Principles of Financial Regulation considers the underlying policies and the objectives of financial regulation.

The Government response to the Independent Commission on Banking

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Publisher : The Stationery Office
ISBN 13 : 9780101825221
Total Pages : 82 pages
Book Rating : 4.8/5 (252 download)

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Book Synopsis The Government response to the Independent Commission on Banking by : Great Britain: H.M. Treasury

Download or read book The Government response to the Independent Commission on Banking written by Great Britain: H.M. Treasury and published by The Stationery Office. This book was released on 2011-12-19 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: In its final report the Independent Commission on Banking (ICB) recommended a package of measures, consisting of ring-fencing vital banking services and increasing banks' loss-absorbency. The Government strongly supports the ICB's objectives and dual approach. The Government agrees that vital banking services - in particular, the taking of retail deposits - should only be provided by 'ring-fenced' banks', and that these banks should be prohibited from undertaking certain investment banking activities. On increased loss-absorbency, also supported are the ICB recommendations for higher equity requirements for large ring-fenced banks, a minimum leverage ratio, loss-absorbing debt, insured depositor preference and higher levels of loss-absorbing capacity for banks that are difficult to resolve. With regards to the principle that systemically important banks hold a minimum about of loss-absorbing capacity on a group-wide basis, however, the requirement should not apply to non-UK operations where it can be shown that those operations to do not pose a risk to UK financial stability. The Government also believes that depositor preference needs further analysis and consultation. On competition, the Government also strongly supports all the ICB recommendations. The Government estimates the aggregate private costs to UK banks at £3.5bn - £8bn, producing a gross reduction in GDP of £0.8bn - £1.8bn. Against these costs though should be set the potentially much larger benefits with the ICB's recommendations yielding an estimated incremental economic benefit of £9.5bn per annum. Significantly too the Government wants to see relevant legislation completed by the end of this Parliament in May 2015 as opposed to the ICBs recommended 2019

The Banking and Financial Structure in the Nafta Countries and Chile

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 9401153663
Total Pages : 280 pages
Book Rating : 4.4/5 (11 download)

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Book Synopsis The Banking and Financial Structure in the Nafta Countries and Chile by : George M. von Furstenberg

Download or read book The Banking and Financial Structure in the Nafta Countries and Chile written by George M. von Furstenberg and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the North American Free Trade Agreement (NAFTA) took effect at the start of 1994, production and trade in goods and services have become ever more integrated in the region. Banking and financial systems thus also must increasingly inform, adjudicate, transact, invest, insure, and intermediate all across North America. Presently, however, there is no single or up-to-date source of information on the banking and finance systems of current (Canada, the United States, and Mexico) and prospective (Chile) NAFTA countries. This volume presents the first report on the banking and financial structure of each of the three NAFTA countries and Chile.

The National Banking Review

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Publisher :
ISBN 13 :
Total Pages : 212 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis The National Banking Review by :

Download or read book The National Banking Review written by and published by . This book was released on 1967-06 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Formation of Financial Centers

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Publisher :
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Formation of Financial Centers by : Charles Poor Kindleberger

Download or read book The Formation of Financial Centers written by Charles Poor Kindleberger and published by . This book was released on 1974 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: