Like many of you, I received a request from The Institute of Risk Management to comment on a consultation paper they prepared called “Risk Appetite and Risk Tolerance”. Great title. It’s not my intention to opine on the paper here.…
White swan vs black swan
I received a nice email from John Fraser the other day, thanking me spreading the good word about ERM through this website. For those of you who are unfamiliar with Mr. Fraser, he co-wrote what I consider to be the…