Articles & Blogs, Category = Banking / finance sector

Category: Banking / finance sector

The New Australian Banking Code Looks Impressive, But What Will It Achieve?

“On July 1, the banking industry got yet another code of conduct – its fifth since 1993 […] It got to the point where in 2017-18 the committee said that five banks reported zero breaches of the code’s credit and dispute resolution obligations, and six banks reported zero breaches of their debt collection obligations. This was despite a growing body of evidence of breaches assembled for the banking royal commission.”

Moral Markets Visits….. Book presentation “Finance and the Common Good”

Part 1 of 4 in series "Finance and the Common Good"

Discussions on bankers’ financial rewards, the regulation of banks’ buffers, and fraudulous practices have been ongoing ever since the onset of the financial crisis of 2008. A common thread in this debate is that the financial sector seems/is detached from society’s concerns. This is exactly the topic of the book “Finance and The Common Good” (Amsterdam University Press). On July 3rd the book was presented to Kees van Dijkhuizen, CEO of ABN AMRO bank, an event visited by some 60 participants.

Who Is Watching the Shadow Banks?

“Shadow banking refers to bank-like financial activities that do not fall under traditional regulations; they have been one of the root causes of the recent financial crisis. M. Thiemann identifies the structural causes for their rapid growth, and shows which institutional reforms could prevent the circumvention of regulations.”

Coding Private Money

“The state has long used law to back private money—with dire consequences, then and now […] If there ever was a magic ingredient for seemingly making something from nothing, it is law. Law can transform a simple commitment into an enforceable claim. And with a few additional legal steroids that grant asset holders priority, durability, convertibility and universality, law can turn a simple asset into a capital asset, as I explain in my new book The Code of Capital.”

‘Do No Harm’ Isn’t Enough. Why the [Australian] Banking Royal Commission Will Ultimately Achieve Little

“Why will the recommendations not be a lasting solution? An important reason is that the royal commission interpreted ‘behaviour consistent with community standards’ in a limited way to refer to situations in which customers were actually harmed. But much of community angst over financial sector conduct relates to the broader use of market power and superior knowledge to extract an ‘unfair’ share of the benefits from transactions with customers.”

Loading

Post categories

Series of Posts

Post archive

Recent video posts

Loading...

Stay posted

Receive updates about new articles, blog posts, books, events and other news on the Moral Markets website

You have Successfully Subscribed!

Subscribe to the Moral Markets newsletter

Join our mailing list to receive updates on new articles, blog posts, books and more

You have Successfully Subscribed!

Geef Je op voor de Morele Markten nieuwsbrief

Schrijf je in voor onze mailinglijst om updates te ontvangen over nieuwe artikelen & blogs, boeken die zijn toegevoegd aan onze digitale plank, en meer

You have Successfully Subscribed!

Subscribe to the Moral Markets newsletter

Join our mailing list to receive updates on new articles, blog posts, books and more

You have Successfully Subscribed!

Subscribe to the Moral Markets newsletter

Join our mailing list to receive updates on new articles, blog posts, books and more

You have Successfully Subscribed!

Pin It on Pinterest