This media release is an article that was published in the Australian Alert Service on 26 February 2020. Julian Assange’s extradition hearing commenced on 24 February. Following a week of legal argument the proceedings were adjourned and will continue with three weeks of evidence scheduled to begin on 18 May.
Piggybacking off the Australian bushfires, and in time to appeal to the 119 oh-so-wonderful billionaires assembled at the annual World Economic Forum in Davos, Switzerland, the architects of “bail-in” at the Bank for International Settlements (BIS) have warned that the next global financial crisis could come from a “green swan” climate change event.
Not so fast.
Member for Kennedy Bob Katter has introduced an urgent bill into the Australian parliament directing the Commonwealth Auditor-General to conduct a thorough audit of the risks building up in the banking system.
Bob Katter will open a new battlefront in the war on financial corruption when he introduces the Australian Banks (Government Audit) Bill 2019 in Parliament on Monday 25 November.
Expect stifled fits of rage and gnashing of teeth in the board rooms of the Big Four banks and among the partners of the even bigger four global accounting firms when he does it.
The following article on justice for Julian Assange was published in the Australian Alert Service on 23 October. In latest news, 11 federal MPs have joined forces to agitate for the Morrison government to bring Assange home to Australia. These MPs deserve praise for their principled position.
Australians can have no confidence in the health of the major banks from the annual audits of their books.
This is the conclusion to be drawn from Digital Finance Analytics Principal Martin North’s submission to the Parliamentary inquiry into the regulation of auditing, which highlights four areas where audits fail to assess the true state of Australia’s banks.
