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BBSW – too dumb to understand?

  • Written by: The Conversation Contributor

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...

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Indigenous youth with foetal alcohol spectrum disorder need Indigenous-run alternatives to prison

  • Written by: The Conversation Contributor
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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...

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