Law reformer and ICAC commissioner tackled corruption head on
DAVID IPP: 1938 – 2020
David Ipp was a jurist, law reformer and corruption fighter whose term as Commissioner at ICAC was explosive. Under his guidance ICAC opened inquiries into some of the worst corruption in NSW history. He led an inquiry into corruption allegations concerning the process relating to the supply of security services to several NSW public authorities and into allegations involving businessman Michael McGurk who was murdered in a contract killing.
Gizmodo: “With more services than ever collecting your data, it’s easy to start asking why anyone should care about most of it. This is why. Because people start having ideas like this. In a new blog post for the International Monetary Fund, four researchers presented their findings from a working paper that examines the current relationship between finance and tech as well as its potential future. Gazing into their crystal ball, the researchers see the possibility of using the data from your browsing, search, and purchase history to create a more accurate mechanism for determining the credit rating of an individual or business. They believe that this approach could result in greater lending to borrowers who would potentially be denied by traditional financial institutions.
At its heart, the paper is trying to wrestle with the dawning notion that the institutional banking system is facing a serious threat from tech companies like Google, Facebook, and Apple. The researchers identify two key areas in which this is true: Tech companies have greater access to soft-information, and messaging platforms can take the place of the physical locations that banks rely on for meeting with customers…”
