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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

Global Geopolitical Series: U.S. Commerce department initiates AD/CVD investigation on imports of Rubber Bands from China, Sri Lanka and Thailand

Last night, the U.S. Commerce Department announced the initiation of an investigation into imports of Rubber Bands from China, Sri Lanka, and Thailand. The investigations were initiated based on a petition filed by...

New Zealand Q4 retail sales rise above market expectations; consumption growth to moderate as households rebuild saving

New Zealands retail sales volumes were stronger than expected in Q4, with retail discounting, especially across big-ticket items continuing to have a key influence. Retail sales volumes rose solidly (beating market...

New Zealand bonds gain at close despite higher-than-expected Q4 retail sales

New Zealand government bonds gained at the time of closing Friday after the countrys retail sales for the fourth quarter of this year came in higher than market expectations. Further, dairy product prices also declined at...

JGBs edge higher on BoJ’s daily market operation; firm U.S. Treasuries support

Japanese government bonds gainedon Fridayafter the Bank of Japan (BoJ) conducted a regular open market operation. Also, the firmness in the U.S. Treasuries supported the bond prices. The yield on the benchmark 10-year...

Australian bonds jump tracking U.S. Treasuries, offsets prior anxiety post Fed’s meeting minutes

Australian bonds jumped during early Asian session on the last trading day of the week, tracking similar movement in the U.S. Treasuries, offsetting prior anxiety raised that came after Federal Reserve minutes signaled...

Politics

Hunger in the lucky country – charities step in where government fails

The non-profit organisation Foodbank released its report Fighting Hunger in Australia this month. Like earlier research it reported that around 15% of Australians experienced food insecurity an extraordinary figure...

For black celebrities like Oprah, it's impossible to be apolitical

Oprah Winfreys rousing Golden Globe speech has many speculating whether the media mogul will become a presidential candidate in 2020, with some pundits questioning the merits of another celebrity president. But to...

Politicians are inflating the evidence used to justify tax increases

Chris Doucouliagos, Professor of Economics, Department of Economics, Deakin Business School and Alfred Deakin Institute for Citizenship and Globalisation, Deakin University Many government policies are flawed because...

GOP tax plan doubles down on policies that are crushing the middle class

The U.S. middle class has always had a special mystique. It is the heart of the American dream. A decent income and home, doing better than ones parents, and retiring in comfort are all hallmarks of a middle-class...

What does Ramaphosa's victory mean for South Africa's economy?

A great deal is expected from Cyril Ramaphosa who was elected as the president of South Africas governing party, the African National Congress (ANC). This positions him to become the countrys president in 2019. Sibonelo...

Science

UBI Helps People Be More Productive And Work More, Study Claims

The topic of universal basic income (UBI) has been a hot-button issue among economists, financial experts, legislators, and tech industry giants for years. Some say that it will increase productivity while others claim the...

Startup Raises $250M To Use Placenta To Extend Life And Cure Cancer

Companies have been trying to unlock the secrets to regenerative medicine for years and one startup just raised $250 million by intending to use human placenta to do so. The company believes that using the disposable...

Perfumes, Cologne And Other Chemicals Contribute To Air Pollution As Much As Cars

Environmentalists often blame cars for being the biggest contributors to air pollution thanks to the smog coming out of them. However, recent data shows that aerosol chemicals are also huge contributors to making the...

Potential Tests For Autism Using Blood And Urine Developed

Autism remains one of the biggest mysteries in the medical industry right now, with the root cause still being unidentified. Whats worse is that early detection of the illness has been rather unreliable. This may soon...

Ozone Layer Update; Not Recovering As Expected For Unknown Reasons

In the late 90s, the issue regarding the hole in the ozone layer was big in the public consciousness, but it quickly faded in light of a new gigantic threat in the form of climate change. In recent years, scientists have...

Technology

UN Chief Wants A Geneva Convention For Cyber Warfare

Over the decades, member countries of the UN have agreed to certain stipulations related to the matter of war. Basically, certain practices are to be banned and there are rules to be observed, particularly with regards to...

More Signs Of Spotify’s Hardware Ambitions Crop Up

While Spotify did build its business as a software entity, signs that it plans on selling hardware have become more and more apparent. Now, several job descriptions posted by the company are adding a tank of fuel on this...

Doom Gets Motion Control On The Switch, Follows Splatoon Formula

Motion controls have always been a tricky subject in the video game industry. So far, Nintendo has been the reigning king in this arena, what with its excellent Wii hardware. With the Switch, the company has taken things...

Amazon Uses Cashback To Increase Whole Foods Shopping By Prime Members

When it was announced that Amazon was buying Whole Foods, many wondered what changes the merchant giant would implement. As it turns out, not that much, at least for now. One of Amazons more major moves with regards to the...

This SSD Can Hold Up To 30TB Of Data, Props To Samsung

With digital media eating up more and more space, the need for bigger storage has been at the forefront of tech companies strategies in developing various products. In the case of Samsung, it recently unveiled an SSD that...
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February 23 20:00 UTC Released

USCattle Placed On Fd

Actual

104 %

Forecast

100.4 %

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101 %

February 23 20:00 UTC Released

USCattle On Feed

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108 %

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107.4 %

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108 %

January 31 00:00 UTC 3436434364m

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2016 bln ARS

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January 31 00:00 UTC 3436434364m

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2016 bln ARS

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January 22 19:00 UTC 4618446184m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 3436434364m

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 4618446184m

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-1541 %

January 31 00:00 UTC 3436434364m

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2016 bln ARS

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January 31 00:00 UTC 3436434364m

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Bln AR bln ARS

January 31 00:00 UTC 3436434364m

ARAnnual Primary Balance*

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2016 bln ARS

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