Michael Murray: Banking inquiry should have called consulting firm Oliver Wyman
The global risk management firm was the expert when it came to validating the banks’ risk management models
R eading through the evidence in the banking inquiry is a turgid, cumbersome operation. But when you do, much becomes clear. We know already that there are constitutional and legal reasons why it will be difficult to pin blame on specific individuals arising from the hearings. We can be sure too that nobody will lose their job, or their pension, or be sanctioned.
What we also know is that the capital cost of the combined...
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Comment: US must defuse Covid-19’s ticking time bomb of debt
The United States cannot defeat the pandemic like a military foe but it can learn from looking back at its post-war economic recovery