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Regulation

Analysis and Comment (14)

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If one of Australia's big four banks were to fail, it would be disastrous for the economy and the financial system. AAP

A system at risk: the case for regulatory overhaul in Australia’s banking sector

The focus of the statement by the Australia-New Zealand Shadow Financial Regulatory Committee asks whether the systemic importance of the big four Australasian banks warrants special regulatory treatment…
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The proposed Volcker Rule, which will ban proprietary trading by commercial banks, has raised the ire of Wall Street. Bête à Bon-Dieu

Risks or rewards? What the Volcker Rule means for Wall Street

The agenda of the Australian Securities and Investments Commission Annual Summer School in Sydney was dominated by discussions on how to reduce systemic risk. The noted increase in the regulatory perimeter…
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ACMA has handballed responsibility for regulating junk food advertising to kids to a preventive health agency. Eekadman

Junk food advertising to kids – what’s next for regulation?

There’s no evidence that industry self-regulation works to restrict junk food advertising to children. That’s the unsurprising finding of the Australian Communications and Media Authority’s (ACMA) long…
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Some complementary medicines fill a medical need while others are of no value whatsoever. nicholaslaughlin

Giving the right teeth to the tiger: creating an effective TGA

Some complementary medicines are useful while others are just plain quackery so any attempt to regulate the industry requires an understanding of this heterogeneity. What’s more, the regulator of the industry…
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Johnson and Johnson's faulty Du Puy hip implants leeched metal into the tissue of some recipients. Okadots

TGA slow to react on dud hip replacements

With joint replacement surgery becoming increasingly common, the flap over a large recall of De Puy hip implants has thousands of Australians worried about the quality and longevity their own hip replacements…
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Vitamins, minerals and herbal therapies should live up to the claims on their packaging. Peter Sunna

Consumers need the facts about complementary medicines

Two out of three Australians use complementary medicines to boost their nutrition, alleviate various symptoms and improve their overall health and well-being. There are around 10,000 products to choose…
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Media ownership is much more concentrated in Australia than in the UK, where it is under scrutiny. AAP/Dean Lewins

The online test for media inquiries

A profound shift is underway in the global news media industries. As the extensive police investigation and judicial inquiry into the News of the World phone hacking scandal continue in the UK, News Corporation…
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There should be more regulation of third parties to help preserve Australian democracy. AAP/Alan Porritt

Big money politics: why we need third party regulation

MEDIA & DEMOCRACY: In the latest instalment of The Conversation’s week-long series on how the media influences the way our representatives develop policy, Marian Sawer examines the need to regulate…
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Too much regulation of third parties like GetUp! will hurt democracy Paul Miller AAP

Power imbalance: why we don’t need more third party regulation

MEDIA & DEMOCRACY: In the latest instalment of The Conversation’s week-long series on how the media influences the way our representatives develop policy, Andrew Norton says there’s no need to regulate…
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There aren't any miracle cures but there are a number of treatments that can reduce its severity. Flickr/Algo

Monday’s medical myth: osteoarthritis can be ‘cured’

Switch on daytime television on any given day and you’d be forgiven for thinking there was a cure for the debilitating and dreaded condition, osteoarthritis. Unfortunately, there’s not. And that’s not…
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Hazlewood coal-fired power station would be uneconomic under a carbon tax. AAP

A recipe for making the carbon tax a success

The carbon tax is the latest attempt by an Australian government to legislate in order to avert disaster, this time to the climate. Whether the tax will become law sits on a knife edge, and the stakes…
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The US FDA is moving to regulate medical mobile apps linked to instruments it currently oversees.

Open app and say aah: the perils of medical diagnosis on a mobile

The US Food and Drug Administration (FDA) is proposing to regulate some medical mobile applications, or apps, in an apparent bid to protect consumers from harming themselves or others. At first sight…
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Rupert Murdoch holding a copy of The Times, a News International paper AAP

The perils of trying to regulate for ethical behaviour

In little more than two weeks, the long simmering issue of illegal phone hacking at News Corporation’s British newspaper News of the World has developed into a cascading crisis, with fatal results for…