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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 .

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...

Time to toss one of the Four Pillars out of the nest?

Nov 04, 2016 03:50 am UTC| Insights & Views Business

This week, ANZ, the latest (and now the last) of the Big 4 Australian banks to have ventured far away from the nest, confirmed that it was coming home into the arms of the Bank of Mum and Dad (also known as the Australian...

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Economy

Australian bonds trade narrowly mixed in subdued session; investors eye U.S-China trade talks

Australian bonds traded narrowly mixed in subdued Wednesday session as investors remain sidelined in any major deal ahead of the U.S.-China trade talks. The yield on Australias benchmark 10-year note, which moves...

Australian bonds fall across the curve as U.S.-China trade talks lift investors’ risk appetite

Australian bonds fell across the curve during early Asian session Tuesday as investors risk appetite recovered following the U.S.-China trade talks, lifting the 10-year yield from this years low seen yesterday. The...

Cryptocurrency Brief: Bitcoin tests $6,500 mark, Chinese regulators arrest 3 in $87 mln digital theft, Ethereum’s Lubin views bearishness as no hurdle to growth – Monday, August 20th, 2018

BTC/USD: Bitcoin prices, once again disappointed market participants is testing the $6,500 mark during European session Monday after Chinese regulators have arrested three individuals found accused and guilty for $87...

U.S. Treasuries surge ahead of trade talks with China; August FOMC meeting minutes in focus

The U.S. Treasuries surged Monday amid a comeback in trade talks with China over tariffs this week. However, it will be a quiet start to the week in the US, with the first important diary entries being Wednesdays release...

German bunds slip in European trading ahead of 10-year auction, August manufacturing PMI

The German bunds slipped during European session Monday as investors wait to watch the countrys 10-year auction, scheduled to be held on August 22, besides, the manufacturing PMI for the month of August, due on the...

Politics

I went to see Pussy Riot – if they're serious protesters, I'm Sid Vicious

Many years after my first punk concert, when I met Pete Shelley and the other Buzzcocks at the old Apollo Theatre in Glasgow, I was excited at the age of 69 to be in Edinburgh to attend my second one. Pussy Riots...

Trump’s Space Force isn't as new or as dangerous as it seems

Donald Trumps plans to create a Space Force have ruffled plenty of feathers and alarmed some commentators. Some argue it will merely cause a bureaucratic headache. Raising greater concerns, others have argued the Space...

ANC expediency is messing up South Africa's land reform process

Its highly likely that an amendment will be made to South Africas constitution that will allow for land expropriation without compensation following a decision to do so by the ruling party the African National Congress...

Marikana: it's time Ramaphosa moved on accountability and reparations

The 2012 Marikana massacre in South Africas North West Province, in which 34 miners were killed by the police, remains an unhealed scar in post democratic South Africa. Two of the most important unresolved issues involve...

The royal commission should result not only in new regulation, but new education

The Financial Services Royal Commission has not only shown that banks and their representatives have behaved appallingly, but that we need better-educated consumers. It is naive not to expect new schemes will pop up to...

Science

Scientists are developing greener plastics – the bigger challenge is moving them from lab to market

Synthetic plastics have made many aspect of modern life cheaper, safer and more convenient. However, we have failed to figure out how to get rid of them after we use them. Unlike other forms of trash, such as food and...

Darwin's theory of evolution owes more to his garden than the Galápagos

Its one of the greatest stories in science, right up there with Neil Armstrongs small step on the moon and Jane Goodalls overhaul of ideas on non-human relationships. When naturalist Charles Darwin first set foot in the...

Why there's been a boom in discovering new species despite a biodiversity crisis

Something of a boom in the discovery of new species is taking place right now. It is so significant that some say it is similar to the period of the 18th and 19th centuries when European naturalists ventured into newly...

The world of plastics, in numbers

From its early beginnings during and after World War II, the commercial industry for polymers long chain synthetic molecules of which plastics are a common misnomer has grown rapidly. In 2015, over 320 million tons of...

How biobanks can help improve the integrity of scientific research

Biobanks are repositories which receive, store, process and disseminate specimens. These include DNA derived from humans and animals; bacterial strains; and environmental samples like plants and soil. Biobanks also provide...

Technology

OnePlus 6T Release Date, Features: Upcoming Handset Variant May Have a Confirmed Release Date

According to CNET, the OnePus 6T is currently rumored to be released in October. This mirrors the fall release of the higher-end model that usually launches before the summer that OnePlus has followed since the OnePlus 2...

'GTA' 6 Rumors, Release Date: GTA Franchise Rumored to Come Back to Vice City

GTA 6 has yet to be announced as an official game in production by Rockstar Games but fan anticipation is so great that people are talking about the yet-to-exist sequel even before Rockstar has released its most recent...

‘Red Dead Redemption 2’ Release Date, Features: Rockstar Games Launches ‘Collector’s Box’ with Exclusive Items, Except the Game Itself

As the launch of Red Dead Redemption 2 draws near, more and more purchase options and items are being announced by Rockstar Games. The latest is the Collectors Box with an array of exclusive physical items, except for the...

‘The Sims 5’ Release Date, Features: Title Up for 2019 Announcement, 2020 Release?; Fans Hope to Explore Open World with Cars

Electronic Arts (EA) and Maxis are yet to confirm the existence of The Sims 5. But many fans are already speculating that the fifth main title installment could be announced in 2019 and will be released in 2020. In...

Hyundai-backed Hdac Technology signs MOU with blockchain real estate startup DREAMChain

Hdac Technology AG, a blockchain-based IoT contract platform backed by Hyundai, has signed a memorandum of understanding (MOU) with Dream Global Partners, establishing the foundation of a comprehensive collaborative...
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August 22 01:30 UTC Released

AUConstruction Work Done*

Actual

1.6 %

Forecast

0.7 %

Previous

0.2 %

August 21 22:45 UTC Released

NZRetail Qrtly Vs Yr Ago

Actual

3.1 %

Forecast

Previous

3 %

January 31 00:00 UTC 292650292650m

ARAnnual Primary Balance*

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2016 bln ARS

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 304470304470m

ARTrade Balance

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-1541 %

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2016 bln ARS

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January 22 19:00 UTC 304470304470m

ARTrade Balance

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-1541 %

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 292650292650m

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Bln AR bln ARS

January 31 00:00 UTC 292650292650m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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