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 .
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...
Blockchain: reinventing the squeaky wheel
Oct 25, 2016 18:13 pm UTC| Insights & Views Fintech
Apparently, the world is holding its breath on the unloading of a few bales of cotton, which could change trade forever. In Qingdao sometime in early November, 88 bales of cotton will be unloaded and ownership of the...
Big four bank chiefs face parliamentary committee: experts react
Oct 04, 2016 08:39 am UTC| Insights & Views Politics
The chief executives of Australias big four banks are this week being called before a House of Representatives economics committee. We asked a panel of experts what questions the committee should be asking. Deborah...
Banking excuses wearing a bit thin
May 20, 2016 09:59 am UTC| Insights & Views
Brain Hartzer, the CEO of Westpac, gave an excuse to the media when asked about allegations that Westpac traders deliberately manipulated the important Bank Bill Swap Rate (BBSW) benchmark, saying that it was a heavy...
Banks – Just what do they get paid for?
May 09, 2016 06:14 am UTC| Insights & Views Business
Just last month, the US Department of Justice (DOJ), fined Goldman Sachs over AU$6.7 billion and Wells Fargo over AU$1.6 billion for improper mortgage lending practices specifically securitising and selling Residential...
Government backflip on ASIC could be too little too late
Apr 21, 2016 06:31 am UTC| Insights & Views Law
In announcing new money for the Australian Securities and Investments Commission, the Treasurer and the Minister responsible Kelly ODwyer executed a synchronised back flip with tuck, declaring that The broad reform...
BBSW – Too Dumb to Understand?
Apr 07, 2016 06:37 am UTC| Insights & Views Law
The reactions of ANZ and Westpac management to recent legal actions by ASIC alleging manipulation of the BBSW benchmark are instructive of the attitudes of the major banks. ANZ wheeled out its Chief Risk Officer to...
There’s an extra $1 billion on the table for NT schools. This could change lives if spent well
Political donations rules are finally in the spotlight – here’s what the government should do