John Adams, guardian of the bail-in issue updates us on the latest ahead of the closure of submissions next week.
Tag: Bail-In
DFA Q&A HD Replay With Robbie Barwick
Robbie Barwick from the Citizens Party joined us for a discussion on Banking Reform. A critical issue at this pivotal time.
He also outlines his (controversial) views about China.
Original live stream is also available, with live chat replay. https://youtu.be/MWdjPj_kEcE
Join Us Tonight DFA Live Q&A On Bank Deposit Bail-In, Derivatives Risk, and The Cash Ban: 20:00 Sydney Time
Robbie Barwick from the Citizens Party joins us for a discussion on Banking Reform. A critical issue at this pivotal time. You can ask a question live, or ahead of time via the DFA Blog.
Stop Bank Deposit Bail-In – Once And For All
Economist John Adams and Analyst Martin North discuss the Senate Inquiry into the proposed change to existing legislation to make Bank Deposit Bail-In illegal. [Banking Amendment (Deposits) Bill 2020]. The inquiry is open for just a couple of weeks, and its open to receive submissions now.
https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/BankingDeposits
If, as the Government and APRA say, Deposits will never be bailed-in, then this should be passed at once. But if there is obfuscation it means there is the wish to keep the option firmly open, which would be a concern give the current economic situation, Who will blink first?
Bank Customers Who Didn’t Read Their T&C’s Get Smashed
Economist John Adams and Analyst Martin North picks apart the issues around ME Bank’s reductions in redraw facilities and highlights the questions people need to ask more generally about offset and redraw mortgages.
ME Bank has since relented, sort of…
https://www.abc.net.au/news/2020-05-08/me-bank-redraw-changes/12229080
The Antidote To Bail-In Is Now In Parliament! [Podcast]
The Citizen’s Party Robbie Barwick and I discuss the new legislation which has been introduced into Parliament to ensure bank deposits cannot be bailed-in.
If passed this would be a major coup. You can help.
https://citizensparty.org.au/stop-bail-in-petition
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The Antidote To Bail-In Is Now In Parliament!
The Citizen’s Party Robbie Barwick and I discuss the new legislation which has been introduced into Parliament to ensure bank deposits cannot be bailed-in.
If passed this would be a major coup. You can help.
Australia’s Banks Are Preparing To Bail-In Retail Bank Deposits
Economist John Adams and Analyst Martin North examines recent changes to the terms and conditions from our major banks. Have you read yours recently?
APRA’s list of ADI’s: https://www.apra.gov.au/register-of-authorised-deposit-taking-institutions
Deposit Insurance Is No Protection Against Bail-In Risk
In the next part of our series Economist John Adams and Analyst Martin North consider the relationship between Deposit Insurance and Bail-In. Things are not straightforward.
It’s Too Late – Bail-In Has Already Happened!
Solicitor Confirms That Bail-In Of Deposits IS Legal
https://www.adamseconomics.com/post/deposit-insurance-is-no-protection-against-bail-in
Deposit Insurance Where The Insurer Has No Money To Pay…
As we commence a series on the Deposit Insurance Scheme and Deposit Bail-In, we reprise a show we recorded in 2018 on the DFA channel where Economist John Adams and Analyst Martin North looks at the bones of the scheme. What are the risks?
John’s Article: http://www.asgoodasgoldaus.com.au/blog/deposit-insurance-where-the-insurer-has-no-money-to-pay/