The reactions of ANZ and Westpac management to recent legal actions by ASIC alleging manipulation of the Bank Bill Swap Rate (BBSW) benchmark are instructive of the attitudes of the major banks.

ANZ wheeled out its Chief Risk Officer to argue that it believed the allegations ASIC were based on:

“A misunderstanding of how bank bill issuance and...

In recent weeks, the case of Rosie Anne Fulton, a young Northern Territory Indigenous woman with foetal alcohol spectrum disorder, has again attracted media attention. Rosie was imprisoned for 21 months in Eastern Goldfields Regional Prison in Western Australia after being found unfit to stand trial on charges of reckless driving and motor vehicle...

Almost 400 years ago, on 23 April 1616, William Shakespeare died. Perhaps the looming anniversary is what prompted a search through the library of Mount Stuart House on the Isle of Bute, Scotland, where a valuable copy of Shakespeare’s First Folio (1623) has recently been discovered.

As Eric Rasmussen predicted in 2014, the chances of more...