About five years ago I stumbled upon a really great essay titled The Risk Management of Everything by Michael Powers and published by Demos. I was doing some housekeeping and found it in my files and decided as my New…
Downgrade unlikely because of strong ERM
I posted an ERM-related press release from the S&P recently which was very well received by Riskczar readers as measured by the number of hits received. Here is a very similar one that notes that counterparty credit rating on Platinum…
My rant on quantifying operational risk
Earlier I published a post about actuaries and operational risk. Today I am in a ranting sort of mood so here are my thoughts on quantifying operational risk. I am not a huge proponent of the quant when operational risk…