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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

S. Korea's mid-sized crypto exchanges discontinue trading pairs in won

Medium-sized South Korean cryptocurrency exchanges have discontinued trading pairs and payment services using the Korean currency as financial regulators are set to enforce tougher rules. Some medium-sized exchanges...

Covers of SLAM basketball magazine to appear as NFTs

The Tom Brady co-founded firm Autograph and iconic basketball brand SLAM will distribute an archive of digital-collectible magazine covers on DraftKings Marketplace. The deal between the two companies gives Autograph...

Coinbase applies to broaden offerings with cryptocurrency futures and derivatives trading

Cryptocurrency exchange Coinbase has applied to provide futures and derivatives trading with the National Futures Association (NFA) to broaden its offerings, it announced on Twitter. The exchange says it aims to further...

Cyworld teams up with Hancom to offer metaverse service

The once-popular social networking service Cyworld has strategically partnered with office suite software developer Hancom to offer metaverse-powered service Cyworld Z. Hancom, who acquired an undisclosed stake in the...

Boston Beer sued by investors for misleading statements on seltzer biz

Investors are suing Boston Beer Co. for misrepresenting the sales performance of its seltzer product line, which includes Angry Orchard Hard Seltzer and Truly Hard Seltzer. At least three law firms have sued Boston...

Politics

Joe Biden meets with CEOs to discuss vaccine mandates

As the US still struggles to contain the spread of COVID-19 and its Delta variant, US President Joe Biden and his administration are looking to further boost vaccinations. This week, Biden met with business leaders to...

Kamala Harris, Treasury Secretary push for more spending on child care

The Biden-Harris administration is currently looking to shore up public support for upcoming proposals such as the massive $3.5 trillion social spending bill. US Vice President Kamala Harris along with Treasury Secretary...

Nancy Pelosi wanted to know who would stand up to Donald Trump following Capitol riots, new book claims

More details have surfaced regarding what was happening behind the scenes before, during, and after the Capitol insurrection last January 6. According to an upcoming book, House Speaker Nancy Pelosi wondered who was...

Capitol riots: Rep. Adam Kinzinger calls on GOP colleagues to condemn rally supporting insurrectionists

Months after the January 6 Capitol insurrection, another rally is being anticipated and this time it is in support of the insurrectionists that have been arrested and imprisoned. Republican Rep. Adam Kinzinger called on...

Science

S. Korea to develop solar-powered drone that could carry 20 kg to stratosphere

South Korea will invest 37.47 billion won in developing a solar-powered drone that could carry over 20 kilograms in the stratosphere and with natural disaster monitoring capability by 2025. The drone will serve as an...

S. Korean scientists develop 3D printing ink from sunflower pollen

A group of South Korean scientists from Nanyang Technological University in Singapore managed to develop 3D printing ink material from sunflower pollen. The research team led by professor Cho Nam-joon first incubated...

Kumho Petrochemical to produce eco-friendly rubber compound out of rice bran

Kumho Petrochemical Co. will produce an eco-friendly synthetic rubber compound made of rice bran-based bio-silica. Silica improves fuel efficiency, braking power, and wear resistance of synthetic rubber for...

From CRISPR to glowing proteins to optogenetics – scientists' most powerful technologies have been borrowed from nature

Watson and Crick, Schrdinger and Einstein all made theoretical breakthroughs that have changed the worlds understanding of science. Today big, game-changing ideas are less common. New and improved techniques are the...

234 scientists read 14,000+ research papers to write the upcoming IPCC climate report – here's what you need to know and why it's a big deal

This week, hundreds of scientists from around the world are finalizing a report that assesses the state of the global climate. Its a big deal. The report is used by governments and industries everywhere to understand the...

Technology

‘Gran Turismo 7’ campaign and GT Cafe don’t have offline modes

Gran Turismo 7 director Kazunori Yamauchi reiterated that they do not plan on making the games campaign mode available for offline play. But the Gran Turismo series creator also explained the reason behind this significant...

‘God of War Ragnarök’ producer says there won’t be a trilogy

God of War Ragnark may be one of the most anticipated games among PlayStation fans. The preceding title ended in a way that made a sequel necessary, but that will not be the case for the upcoming game. Producer Cory Barlog...

'Skull and Bones' reportedly has plenty of ship customizations with an open world map

The development of Skull and Bones has been one of the long-running projects of Ubisoft, and fans got more ideas about its potential gameplay features after a recent leak. The pirate-themed title will reportedly offer a...

iOS 15 will roll out starting September 20

Apple has launched several devices at an event earlier this week. It was then not surprising that part of the program was the announcement of the iOS 15 release date. Now, the reported full release notes of the operating...

Report: Samsung Galaxy S22 may launch with a smaller battery

The base model of the Galaxy S22 series might not be a full upgrade from the Galaxy S21 on paper, per a new report. The upcoming device is rumored to sport a smaller battery than its predecessor. However, Samsung could...
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