Menu

Search

Pat McConnell

Pat McConnell

Honorary Fellow, Macquarie University Applied Finance Centre, Macquarie University

After over 30 years working for, and consulting to, major banking and insurance companies in the US, Europe and Australia, Pat transferred to teaching courses in Risk Management at Masters level and to industry. His main areas of research are in Operational Risk (People, Systems, Process and Legal risks) and banking regulation and he has published widely on this topic, including a new book on People Risk Management http://www.koganpage.com/product/people-risk-management-9780749471354 .

Bank codes of conduct: add bars to the window dressing and make them legally binding

Oct 26, 2018 07:31 am UTC| Insights & Views Law

Banks dont need 10 commandments to do the right thing, but just six, says the head of the banking royal commission. The first of those commandments set out by Commissioner Kenneth Hayne is to obey the law. The other...

It's time for a royal commission into banking regulation

Nov 08, 2017 15:26 pm UTC| Insights & Views Law

The handling of recent financial scandals show that regulators are confused about what they do, or should do. And as a result the regulation of the financial system, which is vital to a strong functioning economy, is just...

Blockchain Revolution Series

Common Bank of Australia's test of government bond using the blockchain, is just that

Jan 30, 2017 09:40 am UTC| Fintech

Despite a media statement announcing that Commonwealth Bank of Australia (CBA) and Queensland Treasury Corporation (QTC) have created the first government bond using the blockchain (dubbed the cryptobond), no QTC bond had...

Blockchain Revolution Series

Smart contracts – smart or dumb?

Jan 23, 2017 06:36 am UTC| Technology Fintech

Consider, for a moment, these two statements from the Ultimate Guide to Understanding Blockchain Smart Contracts on a well known Blockchain website: 1) Traditional Contracts Traditional physical contracts, such as...

Blockchain Revolution Series

What next for the ASX and Blockchain in 2017?

Jan 18, 2017 02:56 am UTC| Fintech Digital Currency

What a difference a year makes. In January 2016, ASX was bathing in the warm glow of having been acclaimed by Blythe Masters, an American super saleswoman and head of a Blockchain start-up called Digital Asset The...

ASIC gives the banks cause for Christmas celebration

Dec 22, 2016 03:50 am UTC| Law Economy

Christmas is a time to forgive and forget and the Australian Securities and Investments Commission (ASIC) sure knows how to distribute good cheer at Yuletide, especially to old friends such as the big four banks. On...

Blockchain Revolution Series

Blockchain – not fit for financial markets

Dec 21, 2016 10:26 am UTC| Fintech

For a discipline that is supposedly rational, finance has had its fair share of irrational crazes. For example, the dotcom bubble and the collateralized debt obligation craze that led to the global financial crisis. The...

1 2 3 

Economy

Why every company needs a Chief Fun Officer

It has long been recognised that all work and no play is likely to lead to less productive, dissatisfied workers. As far back as the 1930s, management researchers such as Elton Mayo and Mary Parker Follett noted that...

How we consume electricity has changed dramatically in the past 20 years – and the market has failed to keep up

Its been more than two decades since Britains retail electricity market was opened to full competition in 1999. Before that, retail supply was provided by state-owned entities with regional monopolies. Today, all...

Australia’s headline inflation seen at 0.7 pct q/q in Q4, rise to 1.9 pct y/y: ANZ Research

Australias headline inflation is expected to come in at 0.7 percent q/q in Q4, with the annual rate rising to 1.9 percent, according to the latest report from ANZ Research. The largest contributor to the headline figure...

NZ headline CPI likely to rise 0.5 pct q/q in December quarter, says ANZ Research

New Zealands headline consumer price inflation (CPI) for the December quarter is expected to have risen 0.5 percent q/q, with annual inflation accelerating to 1.9% from 1.5% in Q3, according to the latest report from ANZ...

BI likely to maintain policy rate at 5 pct on Jan 23, remain open to future rate cuts: Scotiabank

The Bank Indonesia (BI) is expected to maintain its policy rate at 5 percent at its monetary policy meeting on January 23, but with the door remaining open to future rate cuts amid Indonesias benign inflation outlook,...

Politics

Barack and Michelle Obama net worth: How much is the former First Couple worth?

Former President Barack Obama and his wife Michelle might no longer be living in the White House but theyre still one of the most popular couples in the world. Recently, the Obamas made headlines when they purchased a...

Fans defend Michelle Obama as Donald Trump attacks former FLOTUS on her birthday

Former First Lady Michelle Obama celebrated her 56th birthday anniversary on Friday, January 17. However, President Donald Trump spoilt Obamas special day when he attacked the former FLOTUS School Nutrition Guidelines on...

Heading into Iowa: Where do the Democratic candidates stand on health care coverage?

As Democratic presidential hopefuls gather in Iowa for the seventh debate, Iran and foreign policy will likely play a central role. But health care will remain the most important topic of debate for many Americans. No...

How politics and poverty affect electricity provision in Zimbabwe

Zimbabwes economic challenges are numerous, but one of the most pressing is electricity scarcity. Around 40% of the countrys population has access to electricity. The country has access to vast and diverse possible...

Three reasons why Boris Johnson's promise to revitalise the north could come back to haunt him

For his forthcoming Budget on March 11, Chancellor Sajid Javid has promised to unleash Britains potential uniting our great country, opening a new chapter for our economy and ushering in a decade of renewal. This was on...

Science

Black hole: Scientists spot strange objects near the Milky Way

Black holes reside in the heart of galaxies, and in a span of billions of years, can consume everything it can come across, including light. Recently, some scientists have spotted strange celestial objects lurking around...

UFOs: Leaked footage can threaten national security, says US Navy

The presence of UFOs or Unidentified Flying Objects has continuously baffled many, from enthusiasts to government agencies. Recently, the United States Navy has warned that having to release more footage of these...

NASA: Hidden room at Cape Canaveral revealed agency's secret space reconnaissance mission

The Cold War saw the United States and the Soviet Union go head to head in what was deemed the Space Race in the early 1960s. A documentary reveals how a secret space mission by NASA was revealed. The documentary NASAs...

NASA: Hubble Space Telescope captures Eta Carinae star system eruptions

If there is one thing to know about space, it is that the phenomena that take place within the galaxies and star systems can be amazing. The Hubble Space Telescope for one, recently captured one of the brightest star...

Technology

‘Wasteland 3’ release date, gameplay: inXile’ upcoming role-playing game to introduce a few changes

With the Wasteland 3 release date just four months away, interest about the upcoming squad-based role-playing video game from inXile Entertainment is starting to pick up. Heres whats currently known about the highly...

Are self-driving cars safe? Expert on how we will drive in the future

Cars are changing fast. But are innovations such as autonomous and flying cars a bright new dawn, or just a wild pipe dream? And if they become the futures way of getting from A to B, can we trust them to take us there...

Virtual reality could expand therapy options in remote areas

In recent years, experts have focused on finding better ways to improve remotely delivered mental health care. Now, virtual reality (VR) may pave the way for myriad new opportunities. Using VR for remote therapy...

‘Overwatch 2’ release date, rumors: New heroes joining the fray

Overwatch 2 has already been confirmed by Blizzard at the BlizzCon 2019. Since then, numerous rumors and speculations have been floating around, which includes the possibility that the title might already be out this...

‘Elder Scrolls 6’ release date, rumors: Why Black Marsh could be an interesting location choice

The Elder Scrolls 6 release date will definitely arrive - Bethesdas Todd Howard already confirmed that the studio is working on it in E3 2018. But the bad news is, its going to be a long wait for fans. Bethesda Is...
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.