Business Sydney | CreditorWatch


How will businesses react & survive 

Wednesday, 2 March 2022

5:30 PM - 7:00 PM


Zoom Session

Zoom Link



Sydney First Members & Invited Guests

Outlook 2022 – How will businesses react & survive during times of one of the most significant cash and credit crunch periods in history?

A continuation of Australia’s “phantom” Covid lockdown could threaten the nation’s economic recovery in 2022 and trigger a worse-than-expected surge in insolvencies, with hospitality, tourism and retail businesses in capital cities particularly at risk of failure.

Businesses and consumers are cashed up and ready to spend and invest, but if Omicron restrictions and supply chain issues drag on, many businesses will face a cash and credit crunch and struggle to survive.

Businesses insolvencies are expected to rise in 2022 as creditors resume normal collections activities. But insolvencies will increase more if Government and self-imposed restrictions aren’t lifted.

At this Zoom session the NSW Treasury's Chief Economist, Stephen Walters, along with CreditorWatch's Chief Executive Officer, Patrick Coghlan, outlined their expert opinions on the economic outlook for 2022, followed by an in-depth panel discussion including Nerida Conisbee, Chief Economist for Ray White, Jamie Osborn, CEO of Shift, and James O'Donnell, Managing Director, Open Analytics, facilitated by Business Sydney's Executive Director, Paul Nicolaou.

Meeting Recording:

Access Passcode: Outlook2@22


Event Partner

Zoom photo - CreditorWatch (2160 × 1080 px)

special guests

Nerida Conisbee

Stephen Walters

Chief Economist, NSW Treasury

Stephen Walters is Chief Economist for NSW Treasury. He joined Treasury in July 2018. Previously, Stephen was Chief Economist with the Australian Institute of Company Directors (AICD) and investment bank JPMorgan, from 2001 until 2016. Before joining JPMorgan, Stephen was Senior Economist with Access Economics in Melbourne and International Economist with Norwich Union in the UK. He also spent 7 years as an Economist with the Treasury in Perth.

Stephen holds a Bachelor’s Degree in Economics from the University of Western Australia and a Master’s Degree in Applied Finance from the University of Melbourne. He also is a graduate of the AICD’s Company Directors’ Course and has qualifications in journalism. He has published three books. 

Stephen is Chair of the Australian Business Economists (ABE) and the NSW Common Planning Assumptions Group, is an advisor to the Innovation and Productivity Council (IPC) and is a member of the Australian Statistics Advisory Council (ASAC). Stephen is NSW Treasury’s executive champion for gender equity.

Nerida Conisbee


Chief Economist, Ray White

Nerida is Ray White’s chief economist and one of Australia’s leading property experts. She provides market commentary to a wide range of Australian media outlets across digital, print, television and radio. She also contributes to Ray White’s publications including Ray White Now.

Nerida is the Deputy Chair of the Construction Forecasting Council and is on the South East Queensland Housing Supply Expert Panel. She sits on the board of Kidnest, a childcare start up and is an adviser to Skelton Projects, a Melbourne based developer. She also provides updates on property market conditions to major Government bodies.

Nerida has more than 20 years of property research experience throughout Asia Pacific and has held senior positions within commercial agencies and major consulting firms during this time. Her experience covers residential and commercial property from both an investor and occupier’s perspective.

Nerida holds a Bachelor of Commerce with Honours and Masters of Commerce, majoring in Econometrics, from the University of Melbourne.

In her role as Chief Economist, Nerida provides objective, robust and quality analysis of the property market and economy in Australia and globally. She represents Ray White to inform and influence key stakeholder groups across the residential and commercial sectors, in addition to advising major Australian Government bodies. Nerida works closely with industry partners to provide strategic vision and policy recommendations for the future of property in Australia.   

Nerida was the most quoted property market commentator in the last 12 months, according to a report by monitoring and insights company, Streem. 


Chief Executive Officer, CreditorWatch

Patrick Coghlan is the CEO of CreditorWatch. In 2010, Patrick became one of the three founding employees of CreditorWatch and helped to shape the innovative product we see today.

Throughout the years, Patrick’s industry knowledge has become second to none. His leadership qualities have enabled him to play a key part in developing CreditorWatch’s values and team-spirited culture, as well as drive the company to considerable growth. He also sits on the Business Advisory Panel of ASIC.

Jamie Osborn


Chief Executive Officer, Shift

Jamie is the CEO of Shift, a provider of credit and payment platforms that offer a better way for Australian businesses to trade, pay and access funds.

Originally GetCapital, the business rebranded as Shift in 2021. As one of Australia’s fastest-growing technology companies, Shift has been recognised by AFR’s Fast 100, Deloitte’s Technology Fast50, Smart Company’s Smart50 and Deloitte’s Asia Pacific Technology Fast 500.

Previously Jamie was a Managing Director at Macquarie Capital based in both Sydney and Singapore where he specialised in corporate advisory and principal investing in the Technology & Telecom sectors.  Jamie started his career as a Product Manager for business banking, first at Bankwest and then at Colonial State Bank, now Commonwealth Bank.

Jamie holds a Bachelor of Commerce degree with first class honours from the University of Western Australia and an MBA from the Stern School of Business, New York University.

Nerida Conisbee

James O'Donnell

Managing Director, Open Analytics

James is a credit risk domain specialist with extensive knowledge in the areas of credit decisioning, credit portfolio optimization, quantitative analytics and regulatory compliance under Basel, IFRS-9 and NCCP.

As a co-founder of Open Analytics and through his previous experience leading big-4 banks credit analytics teams James has supported a wide range of creditors of all shapes and sizes to optimize risk-reward outcomes throughout the entire credit lifecycle.

During James’ career he has been instrumental in a number of significant advances to Australian and New Zealand bank’s credit risk management capabilities across commercial and retail portfolios including leading Basel accreditation A-IRB model delivery across 2 major banks during a merger, leading IFRS-9 provisioning model delivery for a major Australian bank and chairing a big-4 banks internal credit risk estimate committee.

James has also supported a number of emerging FinTech lenders through their credit licencing and ADI application by acting as a responsible credit manager and developing credit policy and data-driven credit  



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