Is this you? As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
Claim your profile
Articles by Patricia Meredith
Real-Time Rail: Dead on Arrival
Prolonged Real-Time Rail delays and bank-dominated governance are leaving Canada’s payments system uncompetitive, costly and unfit for the digital age. The ambition to simply get the RTR in place is a low bar and bolder action is required.
Digital Money and Payments Infrastructure
Digital technologies are challenging the traditional role of commercial banks as gatekeepers of payment systems. Benjamin Franklin, one of the founding fathers of the United States, may have had some insight into this changing role. His four questions around money are applicable to today’s need for payment systems to evolve with digital assets: What is money? Who should create it? What should backstop money? How should money come into circulation?
Opinion: Canada needs a new dedicated agency for lending to smaller businesses
Open this photo in gallery: As of 2021, small businesses employed 8.2 million Canadians – 67.7 per cent of the private labour force.Ammar Bowaihl/the Globe and Mail Please log in to bookmark this story.Log InCreate Free Account Patricia Meredith is a Centre for International Governance Innovation senior fellow and was the chair of the task force for the federal government’s payments system review. Robert McGarvey is a founding director of Rethinking Capital.
Canada’s Future Prosperity Requires Better Financing for Innovators
More than a century ago, economist Joseph Schumpeter hypothesized that creative destruction — the process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one — is driven by entrepreneurs. If that’s true, Canada needs to get better, quickly, at transforming leading research into digital businesses. Our future prosperity depends on it. The research and development (R&D) record is inspiring.
In the Digital Economy, Accountancy Faces an Existential Threat
The accounting profession’s current squabbles between the provincial and federal bodies reminds us of an old saying: “Nero fiddles while Rome burns.” Rather than arguing over which body accountants are members of, we must come together to solve the existential threat of the profession’s irrelevance.
Opinion: In the digital economy, accountancy faces an existential threat
Open this photo in gallery: Chartered Professional Accountants of Canada’s headquarters, seen in Toronto on Oct. 6, 2023.Cole Burston/The Canadian Press Please log in to bookmark this story.Log InCreate Free Account Patricia Meredith is an accountant who led CPA Canada’s Foresight initiative on the future of the accounting profession and a Centre for International Governance Innovation senior fellow.
Accounting for the Digital Economy: Time for a Fresh Approach
Accounting standards that are used for tangible assets are not suitable for today’s digital economy, which is fuelled by intangible assets. These standards need to reflect the shift in focus from tangible to intangible assets in order for the digital economy to thrive. Intangible assets such as design branding and software are not recognized by current accounting standards unless they are purchased from a third party.
The Donner Prize - The Shortlist
In this timely and original book, Meredith and Darroch argue that Canadian banks are ignoring the dramatic and disruptive effects of info-tech changes that are threatening their very existence. The book is a policy manifesto, developing a compelling case for the need for fundamental change from the branch-focused business model of current Canadian banking, to a model that conforms to the habits of the mobile-app era.
Catalytic governance and the information age
Today’s most “wicked” policy problems require catalytic governance: approaches that are more inclusive, dialogue-based, forward-looking and action-oriented. The interplay of social and technological dynamics that defines the information age is accelerating the pace of change and overwhelming methods of governance. These methods were designed for a world of slower change, more limited information flow, fewer stakeholders and clearer boundaries.
New payments infrastructure is more than mere convenience
When Canadians buy gifts this month, the last thing on their minds will be the mechanics of how their payments are processed behind the scenes. But new and sweeping reforms announced this week by Payments Canada will forever change the way we buy things – and may ultimately allow driver’s licence renewals, medical test results and other services to be immediately delivered online.
Show More
loading
Actions
Is this you?
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.Get in touch with Patricia
Contact Patricia, search articles and posts on X, monitor coverage, and track replies from one place.
Learn more about Muck Rack