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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

U.S. 10-year Treasury yield likely to drift lower going forward, stay consistent with US fundamentals: Scotiabank

The United States 10-year Treasury yield is expected to drift lower in general going forward, staying consistent with US fundamentals, according to the latest research report from Scotiabank. The recent US stock selloff...

JGBs remain flat in muted trading session ahead of October national CPI

The Japanese government bonds remained flat during Asian session Wednesday as investors remained side-lined in a muted trading session amid lack of economically significant data. Investors will now be focussing on the...

Australian bonds trade nearly flat in subdued session; markets eye upcoming G20 meeting

Australian government bonds traded nearly flat across the curve during Asian session on Wednesday as investors remain sidelined in any big deal amid lack of any major domestic events. However, market participants will...

FxWirePro: Keep a watch over Dollar’s reserve status

As the trade battle between the United States and rest of the world, especially the European Union and China intensify, along with dispute between the EU and the U.S. over Iran nuclear agreement, and a reduction in foreign...

Cryptocurrency Brief: Bitcoin plummets to new 2018 low, market loses over 80 pct of total value in circulation, Indian govt plans to draft crypto regulations – Tuesday, November 20

BTC/USD: Bitcoin prices once again plunged to fresh 2018 low during late European session Tuesday, as the crypto bloodshed continues amid a panic sell-off among investors. A report from FxStreet confirmed that the digital...

Politics

Threats remain to US voting system – and voters' perceptions of reality

As the 2018 midterms proceed, there are still significant risks to the integrity of the voting system and information warfare continues to try to influence the American publics choices when they cast their ballots. On...

Let's not focus on graduate incomes when assessing the worth of education

The link between educational attainment and income has long been known. Now Australians have more information about what graduates earn from different universities and courses. A recent report shows graduates from NSW...

What image will define the 2018 election?

Every election has its iconic images. Or does it? There are standout images from previous campaigns. Barack Obamas Hope poster, with all its homages and parodies, is a classic example. George W. Bushs Mission...

US mid-term results: seven key issues and what they mean for the country's uncertain future

America has voted, the results are in, but the countrys future remains uncertain for now. Tuesdays Congressional mid-term elections were billed rightly as among the most important in US history. Decades of widening...

Democrats take House at US midterm elections, but Republicans keep Senate; Labor well ahead in Victoria

US midterm elections were held today. All 435 House seats and 35 of the 100 Senators were up for election. Democrats were defending 26 Senators, including some states that Trump won by big margins in 2016, and Republicans...

Science

Novel approach brings African scientists closer to a malaria vaccine

Malaria is still a major problem in Africa. There are over 200 million clinical cases each year and approximately half a million deaths. There are different ways in which malaria can be controlled. Preventive measures...

Dramatic galaxy collision filled the Milky Way with stars, astronomers discover

Imagine trying to map out your home town using only information you could gather from your window. Even with a pair of binoculars youd find it a difficult task. Mapping out our own galaxy, the Milky Way, is a similarly...

How thoughtful, content-rich tutorials can help science students learn

Learning is not a spectator sport. Students need to make what they learn a part of their everyday lives. Tutorials are an excellent way to achieve this at university level. When theyre properly designed, tutorials can be...

Curious Kids: If a star explodes, will it destroy Earth?

This is an article from Curious Kids, a series for children. The Conversation is asking kids to send in questions theyd like an expert to answer. All questions are welcome: find out how to enter at the bottom. You might...

Explainer: what any country can and can't do in Antarctica, in the name of science

Antarctica is owned by no one, but there are plenty of countries interested in this frozen island continent at the bottom of the Earth. While there are some regulations on who can do what there, scientific research has...

Technology

‘Fortnite’ Latest News & Update: Epic Dangles $1M Carrot to Entice All Players, Amateur Wins $250K

Fortnite has been on a roll over the last several months and it would seem that Epic has no plans to let this momentum slow down. The company is set to hold another tournament in a months time with the grand prize being a...

‘Fortnite’ Latest News & Update: Humiliates ‘God of War’ & ‘Red Dead Redemption’ in Video Game Awards

Fortnite might be the most popular video game in the world right now but no one can be faulted for saying that it is not Game of the Year material. However, it would appear that the judges over at the Golden Joystick...

Radeon RX 590 Latest News & Update: ‘Resident Evil 2’ & ‘DMC 5’ Included in Bundle

AMD is betting big on the Radeon RX 590 GPU by bundling it with several games that are not exactly what anyone would expect to come for free in this fashion. Basically, the company is offering three AAA titles for free...

Nvidia Latest News & Update: Cryptocurrency Failure Leads to Stock Nosedive, Lost The Gamble or Bad Luck?

Nvidia recently released its revenue report for the third quarter and it signaled the end of an era for the company. The cryptocurrency boom essentially led to an unexpected boost in its sales of GPUs last year, which led...

iOS Jailbreak Latest News & Update: iOS 12.1 Successfully Bypassed by Tencent KeenLab Researcher

A Tencent Keenlab researcher recently confirmed on Twitter that his jailbreak method successfully bypassed the latest iOS 12.1 that is running devices of XS MAX, Apple, and iPhone. Named Liang Chen, the researcher said...
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November 21 07:00 UTC Released

NOLabour Force Survey

Actual

4 0

Forecast

4 0

Previous

4 0

November 21 05:30 UTC Released

NLConsumer Confidence Adj

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13

Forecast

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15

January 31 00:00 UTC 423826423826m

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January 31 00:00 UTC 423826423826m

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2016 bln ARS

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January 22 19:00 UTC 435646435646m

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-1541 %

January 31 00:00 UTC 423826423826m

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2016 bln ARS

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January 22 19:00 UTC 435646435646m

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-1541 %

January 31 00:00 UTC 423826423826m

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 423826423826m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 423826423826m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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