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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

BNM likely to ease monetary policy again this year, says Capital Economics

Bank Negara Malaysia (BNM) is expected to ease monetary policy again later this year, after having already cut its policy rate from 3.00 percent to 2.75 percent, and with growth set to slow further over the next couple of...

Australian bonds mixed on better-than-expected December employment report

The Australian bonds traded mixed during Asian session Thursday after the countrys employment report for the month of December exceeded market expectations, amid the increase in the number of cases and geographical spread...

U.S. Treasuries jump ahead of 10-year TIPS auction, initial jobless claims

The U.S. Treasuries steadied during Wednesdays afternoon session amid a muted trading session that witnessed data of little economic significance ahead of the countrys 10-year TIPS auction and initial jobless claims,...

UK gilts remain tad higher ahead of January flash PMIs

The United Kingdoms gilts remained tad higher during European trading hours Wednesday ahead of the countrys flash PMIs for the month of January, scheduled to be released on January 24 by 09:30GMT. The yield on the...

German bunds flat in silent session ahead of ECB’s monetary policy meeting

The German bunds remained flat during European trading session Wednesday ahead of the European Central Banks (ECB) monetary policy meeting, scheduled to be held on January 23 by 12:45GMT. The German 10-year bond yield,...

Politics

Michelle Obama and daughter Malia once mingled with the crowd incognito outside the White House

When Barack Obama was still the president, his wife Michelle Obama and their two daughters were one of the most well-guarded personalities in the world. This is understandable since the U.S. has a lot of enemies who...

Melania Trump tweet: Stephanie Grisham calls Stephen Colbert ‘irrelevant’ for mocking FLOTUS

Melania Trump honored civil rights activist Martin Luther King Jr. by posting a message on Twitter on MLK Day. But her critics quickly found fault with the tweet with some netizens accusing her of not knowing what the...

Melania Trump: First Lady's latest embarrassing moment caught on tape

Melania Trump had an embarrassing moment when she experienced wardrobe malfunction early this week. It was said that it happened while the FLOTUS was coming down from Air Force One with her husband Donald Trump and son,...

Donald Trump revelation: POTUS considering cutting Medicare and social security if he is reelected

It is not far along to assume that President Donald Trump is already planning on cutting several programs in the event that he gets re-elected this year. Trump admitted that he may be considering cutting Medicare and...

Science

Asteroids: NASA spots space rock traveling 25,433 mph towards Earth

Another asteroid is set to make an approach towards Earths orbit, as NASAs asteroid trackers have noticed. It is now down to whether or not the asteroid will strike, and if it does not, how close is it going to...

Black holes: Astronomers make use of cosmic echolocation to map black hole behavioral patterns

Black holes produce x rays as a result of the material that gets sucked into it. A new report reveals that scientists can now manipulate these rays of radiation to be able to map these black holes and their...

Asteroids: NASA discovers small moon orbiting space rock the agency plans to visit

As far as asteroids are concerned, we only know of them when they decide to approach the planet, or at least be on their way towards Earth. However, one particular asteroid that NASA plans on visiting seems to have a small...

Asteroids: NASA spots asteroid hurtling towards Earth at over 37,000 mph

The asteroid trackers at NASA spotted another space rock headed in the Earths direction. The agency predicted that it would be approaching the planet today. Express reports that an asteroid formally referred to as 2020...

Technology

Huawei P40 Pro Premium Edition: Fifth sensor of its penta-camera setup still unknown

The Huawei P40 is one of the most highly anticipated smartphone releases this year. While waiting for its launch, take a look at some of the exciting rumors doing their rounds online. Huawei P40 camera According to...

Google Pixel 4a rumors: Affordable handset will have thinner bezels and rear-mounted fingerprint sensor

Recent rumors swirling around say that Google Pixel 4a will be launching this year. The model will be a more affordable version of the companys current flagship phone, the Pixel 4. While the company is yet to confirm...

Poco F2 could land in Q1 2020 with top-tier SoC

For more than a year since the Poco F1 was released, the tech brand kept its silence about its plans, including devices that would follow the success of its first offering. The scarcity in new information was finally over...

Nintendo Switch ports of ‘Paper Mario’ and a 2D ‘Metroid’ rumored for 2020 release

There have been plenty of rumors about the next-generation hybrid portable console from Nintendo, but new reports claim the company might first release a Pro version of the Nintendo Switch this year. The rumored gaming...
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