If the global credit collapse as 'a crisis is too important to waste', then 12 years is too long? The Government needs to have the courage to risk the consequence of a wide ranging inquiry and immediately issue wide ranging terms of reference for a “son of Wallis” to dovetail with...

This paper suggests that shareholder class actions founded on a failure of the issuer to comply with the continuous disclosure requirements impose significant and unwarranted costs on the market as a result of the material ‘leakage' they create in the circle of shareholder wealth. The problem...