In addressing Manchester Business School Alumni associations in Dubai and Singapore, Patrick McNutt argues that the world economy is now enduring a signalling cycle that probably began in the US on March 12th 2007 and it will continue to oscillate until either a market equilibrium (= continued recession) or a

• Signalling (pdf)
• Signalling 2009 (pdf)

This is a short paper due for publication in 2010. The views are personal. The paper outlines the background to Demidenko and McNutt’s new consultancy tool (available on this web page] for assessing a company’s ethical maturity in terms of ERM and improving the governance gap.

• Ethics of Enterprise Risk Management (pdf)

Nationalised banking structures destroy shareholder value and incur long terms costs for the taxpayers.

• BigBankParadox (pdf)
• BigBankParadox_powerpoint (ppt)
• Drivetime_on_RTE_

Prof McNutt has recently (November 22nd) been interviewed on RTE radio’s Sunday Morning show The Business with John Murray, talking about the Big Bank Paradox. More information about the Black Swan is in the relevant news item on this site, and a link to the RTE interview is below.

• RTE Radio Interview

Patrick McNutt advocated a big bank solution to the on going discussions on consolidation amongst the Irish banks. It is the only solution to ensure the long term sustainability of Irish banking in the EU and Ireland Inc’s competitive advantage in financial services.

• BigBankParadox (pdf)