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 .

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...

1 2 3 

Economy

New Zealand bonds close higher on hopes of deterioration in April trade balance data

New Zealand bonds ended Tuesdays session on a higher note as investors hope to see a worse deterioration in the countrys trade balance data, scheduled to be released on May 23 by 22:45GMT amid an otherwise, silent trading...

JPY/KRW cross likely to trade lower towards 9.60, rebound if U.S. Treasury sell-off rattles stock markets: Scotiabank

The JPY/KRW currency cross is expected to trade lower towards 9.60 over the near-term as rising 10-year U.S. Treasury yield would undermine the Japanese yen more should the VIX stay contained. The South Korean exporters...

Australian 10-year bond yield dips to 1-week low ahead of RBA Governor Lowe’s speech

Australian government bonds ralliedon Tuesdayas investors do not expect any hint on interest rate hike from the Reserve Bank of Australia (RBA) Governor Philip Lowe in hisMay 23speech. Following dovish sentiment, the...

Hong Kong’s headline inflation slows in April, inflationary pressures likely to go up in 2018

Hong Kongs headline consumer price inflation rose 1.9 percent year-on-year in April, a slowdown from 2.6 percent seen in the prior month, showed the Census and Statistics Department. Netting out the effects of all...

New Zealand retail sales rise below expectations in Q1, consumption growth likely to moderate

New Zealand retail sales volumes came in softer than anticipated in the first quarter of 2018. The retail sales volumes grew just 0.1 percent sequentially, as compared with market projections of 1 percent. The figure for...

Politics

The first terrorist act in Indonesian prison: the triggers and how to prevent them

Indonesia witnessed another terrorist act last week. But, this time, it occurred in a maximum-security detention centre located at the polices Mobile Brigade headquarters in Depok, West Java. More than 150 terrorist...

Would America vote for Oprah for president?

America has had a black president. Is the country ready for a black president who is also a woman? Speculation about the candidacy of Oprah Winfrey makes clear that some voters think so. Granted, Winfrey says she...

Lawyers keep secrets locked up – so they get asked to do the dirty work

Lawyers seem to at the center of lot of scandals lately. President Donald Trumps personal lawyer, Michael Cohen, whose office and hotel were raided by the FBI, is only the latest example. Harvey Weinsteins law firm...

Rise of cryptocurrencies could curb American power

There has been a lot of talk in foreign policy circles of the coming post-American world in which the international system will transition from a unipolar to a multipolar system. But, as we currently stand, the US remains...

Debate: On secularism in the 21st century

In January 2018 the French commemorated the Charlie Hebdo attacks that occurred three years earlier. The expression of American solidarity then toward the victims in France was quick and unwavering just as it was in the...

Science

Scientists Just Found A Black Hole That Is Eating Everything In Its Path

Black holes are some of the most terrifying subjects in the realm of science. Not only do they offer a glimpse into the raw power that is present in the universe, they also invoke undefinable terror in those who imagine...

Salt Could Prevent Hearing Loss After An Explosion

In movies, whenever a bomb goes off or an explosion occurs, there is that iconic moment where sounds are muffled and there is a high-pitched ring that pervades the whole scene. While films can go over-the-top with regards...

Scientists Want To Make Dogs Live Longer

Dogs are some of the most endearing creatures on the planet and one of the most tragic things about them is their short lives, at least when compared to humans. Depending on the breed, they can live from 7 to 15 years, on...

700,000-Year-Old Find Proves Early Humans Settled The Philippines Longer Than Previously Thought

Archeologists recently made a monumental discovery in the Philippines that pushes back the earliest period of human settlement in the region that was previously thought by over 600,000 years. Rhino bones and tools that...

States Sue EPA Over Rollbacks Of Environmental Protection Regulations

The Trump administration might not believe in climate change and could not care less about the environment, but the rest of the US does. This is why 18 states so far are now suing the Environmental Protection Agency for...

Technology

Cybersecurity Service Extends its Hand to the Medical Industry

Data breach is among the top security threats that agencies, both private and public, are constantly vigilant. And this is true for the medical industry. Records of rape victims, accidents, traumas, and a whole list of...

VChain Startup to Solve Long Queues at the Airport

Everyone experience that day in the airport where the line has devolved into a long, tedious crawl. And security measures are usually among the culprits of these headache-inducing standstill. So what if there was a way...

Compromised 'TeenSafe' App Servers Exposed Thousands of Private Account Details

It was recently learned that servers of the mobile app TeenSafe have been compromised and, ultimately, exposing thousands of users private account details. TeenSafe is widely known as a monitoring app marketed to...

Blockchain Thriving Within Singapore’s Borders

Since the blockchains emergence, numerous governments are trying to integrate the technology into their framework. And one of the leading countries doing this is Singapore. Despite being a small island and supporting...

Treyarch Says There's No Nintendo Switch Port For 'Call of Duty: Black Ops 4'

Call of Duty: Black Ops 4 is one of the highly anticipated video games that was announced recently. Unfortunately, developer Treyarch already dismissed rumors pointing to the titles Nintendo Switch port. The news may...
  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

May 22 07:30 UTC Released

SETotal Employment

Actual

5.043 Mln

Forecast

Previous

5.038 Mln

May 22 07:30 UTC Released

SEUnemployment Rate

Actual

6.8 5.8

Forecast

6.6 5.8

Previous

6.5 5.8

January 31 00:00 UTC 160319160319m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 160319160319m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 172139172139m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 160319160319m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 172139172139m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 160319160319m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 160319160319m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 160319160319m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

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