by Dr. Andrew D. Schmulow The International Review of Financial Consumers, Vol. 5, 2020, pp: 1-11. Compatible with Endnote / RefWorks / Mendeley etc.
by Dr. Andrew D. Schmulow, Dore Virginia, Reardon Jacob & Hanna William Law and Financial Markets Review, Vol. 14, no. 4, 2020, pp: 1-22. This paper traces the establishment of the new Australian Financial Complaints Authority (AFCA). It places this development within the wider context of what we argue is an important new adjunct to […]
Andrew Schmulow, University of Wollongong South Africa’s regulatory regime for the financial services sector is going through major changes. The question is whether companies can adapt to a principles-based approach. Or will they default back to rules-based compliance during the implementation of the Conduct of Financial Institutions Act? The aim of the new law is […]
Andrew Schmulow, University of Wollongong The sexual harassment scandal enveloping AMP is another graceless turn in what looks like the death spiral of one of Australia’s oldest and formerly most trusted companies. Joining a long line of executives to walk the plank at the venerable financial services giant, AMP chairman David Murray and board member […]
(1) CEO Franco de Ferrari stated on numerous occasions he had read the report compiled by the independent investigator – Andrew Burns QC – hired to assess the allegations of sexual harassment by Ms Szlakowski against her boss, Boe Pahari; (2) he stated that “many” (not one, not two, not a few – “many”) of […]
Last month, an Australian Federal Court ruled against ASIC (Australian Securities and Investments Commission) in its responsible lending case against Westpac Bank, where the bank was alleged to have improperly assessed whether loans granted between 2011 and 2015 were suitable for customers. In a 29 June article, AFR columnist Karen Maley rose to the defence of Westpac bankers, saying: […]
AMP doesn’t just have a women problem. It has an everyone problem It is breath-taking to behold. One of Australia’s oldest and (formerly) most venerated firms, AMP. As it twists and folds through successive graceless turns of its glittering death spiral. From an historical high of $45 per share, to the pitiful $1.50 today, I give the company five […]
Schmulow, A. D. & P. McConnell, “A Deposit Tax to Fill Canberra’s Coffers?”, Asia-Pacific Banking & Finance, (2015), published electronically. Schmulow, Andy., “Financial Watchdogs Keystone Cops”, The Age, 2016. Schmulow, Andy., “Financial Watchdogs Keystone Cops”, The Canberra Times, 2016. Schmulow, A. D., “More Powers? ASIC Already Has the Tools to Pursue BBSW Manipulation Allegations”, Thomson […]
by Dr. Andrew D. Schmulow Business Day, (2018), published electronically. SA is preparing the ground to migrate to a new way of regulating its banks and financial markets. Known as the Twin Peaks model, the decision has sparked debate, even controversy. So what is Twin Peaks? And what’s all the fuss about? The name Twin […]
by Dr. Andrew D. Schmulow The Conversation, (2016), published electronically. ANZ Bank’s alleged manipulation of the bank bill swap reference rate (BBSW) is Australia’s version of the LIBOR debacle. The workings of BBSW, like LIBOR, make for a very complex story. BBSW is similar to LIBOR (London Interbank Offer Rate), in that it’s used to […]