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...
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...
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...
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 – 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...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects