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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...

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Economy

US legislators to vote on bill that may delist Chinese firms

The US House of Representatives is set to vote on a bill threatening to boot Chinese companies, including behemoths like Alibaba and Baidu, out of American stock markets. The bill, entitled Holding Foreign Companies...

Japan, China hope travel restart would boost economies

Japan and China are hopeful that the easing of border controls and compulsory 14-day quarantine requirements to expedite their economic recoveries. The two countries started accepting visa applications for business...

South Korea's tariffs on Japanese steel found illegal by WTO

The World Trade Organization (WTO) ruled that South Korea violated the international anti-dumping agreement when it renewed a series of 15.39 percent duties on Japanese stainless steel bars in 2017. According to the WTO...

China imposes 212% tariffs on Australia's wine, claims dumping

Chinese regulators would impose tariffs of between 107.1 and 212.1 percent on Australian wines after finding preliminary evidence of dumping, causing material damage to the domestic wine industry in China. An...

Oil price reaches highest level since March due to promising vaccine, Biden transition

Oil surged to $47 a barrel Tuesday, its highest level since in March on Tuesday, due to AstraZenecas promising coronavirus vaccine that spurred demand recovery hopes and US President-elect Joe Bidens transition to the...

Politics

World War 3 panic: Iran accuses Israel of assassination of top nuclear scientist

Tensions in the middle east have since raised concerns that these conflicts may turn into World War 3 should nothing be done. Following the killing of a top nuclear scientist in Tehran, Iran has now pointed fingers at...

Barack Obama says Drake can play him in a biopic

There have been several screen adaptations that portrayed former President Barack Obama over the years. However, should there be another screen adaptation of the former president again, Obama has already given his approval...

Joe Biden victory: President-elect gains more votes in Wisconsin county recount

States are beginning to certify the wins received by president-elect Joe Biden as he moves forward to building his incoming administration before getting inaugurated by January. Following a recount of votes in Wisconsin,...

Melania Trump reportedly in talks to write a memoir with support from husband Donald Trump

Many political figures have often ventured into writing memoirs about their time as active public servants or even in the midst of their tenures. Outgoing first lady Melania Trump may soon be one of them as she is...

Science

Asteroid news: Hayabusa2 samples of Ryugu arriving at Earth in two weeks

Space agencies all over the world are already ahead of us in tackling possible asteroid collisions that may happen in the future. Japans own space agency is already making progress in studying one particular asteroid,...

Asteroid alert: Mysterious minimoon to make an approach to Earth next week

Back in September, astronomers were left speculating about the asteroid 2020 SO even after it was first spotted approaching our planet. As the mysterious space object makes itself visible again, astronomers now have...

Reincarnation: Top NASA scientist believed there is scientific proof of life after death

One of the biggest mysteries in life is the concept of the afterlife, something that could only be viewed in a more spiritual sense than scientific. However, one top NASA scientist believed that there is scientific...

Climate change warning: Antarctica's ice sheet may become unstable if global warming continues

The whole world may be suffering from climate change, but the icy region of Antarctica is among the worst-hit. As the ice has already melted at a concerning rate, scientists have warned that the ice sheet of the continent...

Technology

‘Cyberpunk 2077’ cross-saves will work easier on Xbox than on PlayStation

Cyberpunk 2077 is less than two weeks away from going live, hopefully, for real this time. To help console players prepare, CD Projekt Red confirmed that the game will support cross-saves from one generation of console to...

Xiaomi Mi 11 launch moves up to January 2021, known leaker reports

It appears that Xiaomi Mi 11 is joining the list of smartphones that could be launched earlier than anticipated in 2021. Meanwhile, one of the reported changes in the upcoming series is the adoption of the 120Hz refresh...

MIUI 13’s rumored compatibility list doesn’t mention Xiaomi Mi 8 series

Any avid fan of the Xiaomi smartphone brand and its sub-brands is not just excited about the upcoming smartphones the company will release in the coming year. They also know that they should be anticipating the release of...

‘Assassin’s Creed Valhalla’: Ubisoft adds adaptive framerate settings for new-gen consoles

The newly released game Assassins Creed Valhalla received a large patch, Title Update 1.0.4, recently that mainly benefits those playing on PlayStation and Xbox Series X/S consoles. Ubisoft has also addressed balancing...
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