by Richard Kelly | Jul 2, 2019 | Catastrophist Comment
Banks Endorse Continued Regime of Promoting Mortgage Stress on Consumers It’s Too Hard The big four banks have attacked ASIC’s responsible lending proposals as impractical, anti-competitive and potentially damaging to the economy in a series of defensive submissions....
by Richard Kelly | Jun 10, 2019 | Industry Disruption, Thinking
How Did You Learn to Drive? My youngest son recently passed his driver knowledge test and was officially a “Learner Driver”. In NSW you have to get a 95% pass rate to attain your leaners permit, so it’s fair to say you need to have a comprehensive knowledge of...
by Richard Kelly | Mar 7, 2019 | Thinking
It’s a Matter of Trust! I attended a very thought-provoking session hosted by UTS Business School last night on “How Should Business Schools respond to the Royal Commission”. Warren Hogan, UTS Industry Professor, in his opening address referred to Banking being...
by Richard Kelly | Aug 1, 2018 | Industry Disruption
Founder Declares Business Model Dead After 19 years Dick Smith has announced the closure of his Eponymous food brand. Mr Smith is quoted as saying in AFR (27/7/18) “this is terrible on a personal level….I’ve failed, I’ve failed” as he held back tears. Why? His...
by Richard Kelly | Jun 25, 2018 | Industry Disruption
Are KPI’s Killing Collaboration? Since the advent of the modern industrial economy post WWII, KPI’s (Key Performance Indicators) have been used to measure and guide management performance and rewards. Organisations spend literally millions of dollars in...
by Richard Kelly | Mar 27, 2018 | Industry Disruption
The New Wonder Women “Shock & Orr” It’s always a special time when a new super hero is born. After two week of intense testimony and questioning Australia has found a new Super Hero. This has come in the form of the mild mannered...
by Richard Kelly | Mar 7, 2018 | Industry Disruption
Episode 3: Is this a Joke? 80% of Bank Profits Go Back to Ordinary Australians? It is fair to say that up to 80% of bank profits go back to the big four banks shareholders. It does not take too much deduction to work out that this is not the same as 80% of...
by Richard Kelly | Feb 27, 2018 | Industry Disruption
Episode 2:Daddy’s Very Sad! I thought when I started with my Batman motif on misconduct and corruption in the financial services industry I would have to leverage a lot of poetic licence! But as I read Patrick Durkin’ article in the AFR (26th Feb18) they...
by Richard Kelly | Feb 14, 2018 | Industry Disruption
Episode 1: Yes Commissioner? “Banks Asked to Redo Their Homework!” I sat glued to my screen as the “letter patents” from Her Majesty Queen Elizabeth II, Queen of Australia, were read to Commission Kenneth Hayne QC on the first day of the Royal Commission...
by Richard Kelly | Feb 4, 2018 | Thinking
It is trite to say that the acceleration of technology disrupters have rendered many business models redundant. It doesn’t take much reflection to draw up a list of industries that have had their traditional business models significantly disrupted and rendered...
