The UK's Law Commission plans an Ethereum-like contracts execution platform. No problem so far. But then it wants to go further and make all contracts of certain types executable only via the platform. So while you won't need to use the platform to buy a Mars Bar or to execute a will, you will need to use it for, amongst other things, a trust deed and a power of attorney, if the Law Commission succeeds. It's a serious assault on personal privacy, no matter what "safeguards" might be proposed or introduced.
Australia's ASIC (Australian Securities and Investments Commission) has been, rightly, stung by the brutal criticism it has suffered during the The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. Using the bizarre expression "regulatory capture" which sounds like another one of those phrases designed to attract media attention to the words not their meaning, ASIC's Chairman, Mr James Shipton, told The Australian Broadcasting Corporation "We want to have our supervisory officers physically inside these financial institutions by the end of the month." Is this a good, or even a new, idea?
I'm preparing for a trip to Manilla 24 - 27 July 2018 and Taipei from 30 July - 4th August 2018 and if anyone would like to book me to present an in-house seminar or briefing session during those times, check out the list of topics and let me know ASAP.
And so it was, with airline tickets on my mind that I read a question on a bulletin board that took me by surprise. I'm constantly bemused by how what seems absolutely normal to me seems to be something new or intellectually challenging to others.
Late yesterday, I posted to LinkedIn a message about the way sound travels around the concrete canyons in Kuala Lumpur. I had tried to work out the location that a sound originated from but had fallen into helpless giggles when I realised that I could only calculate the position of the source if I had the location of the source. That, of course, was a circular argument and of no value to anyone.
This blog was originally published as " OK. Call me a contrarian if you want but you are wrong." with "The falsely accused contrarian and the bubble people." as a subtitle. In February 2021, this was reversed when the blog was recorded for a blogcast.
You know the old joke - you know when you are travelling too much when you refer to cities by their airport codes?
Well, yes, that's exactly what I'm reduced to. Having just got home to Kuala Lumpur after KUL, CAN, HRB and return (delayed a day because the otherwise excellent China Southern cancelled one of my flights and gave me a key-ring to make up for it), I'm now setting up the schedules for the final (so far as I know) legs of my seminar tour.
When the Commonwealth Bank of Australia (CBA) story first appeared, I instructed World Money Laundering Report that we should not become involved in what would inevitably become a frenzy of speculation and ill-informed comment as consultants (of which I am, obviously, one) and media outlets vied to benefit their own profile, and to get website visits, while the story was hot. I wrote what amounted to a placeholder article .