On Risk Culture: Making Friends with 220 dot 13b

This piece also appeared in the Australian Financial Review. I was in a crowded restaurant the other day, discussing CPS 220 with a friend.  The woman at the next table decided to join our conversation.  “I don’t know about you,” she said, “but I love the new robot.  He’s small and determined, but more expressive[…]

Conversation as risk management

To plunge right in, do you know that curve with a long tail on one side that plots size of loss on the x-axis and frequency on the y- axis? I want to divide it into three parts. There’s the big pile of business-as-usual outcomes on the left of the graph. There’s the long skinny[…]

Thinking about banking

Some years ago, I was introduced to a well-known writer at a party in Melbourne. “Harrison’s a banker,” my host said helpfully. “Gee,” responded the writer without missing a beat, “I’ve never met anyone in organized crime before.” I spent half a second searching for a clever response. But the Global Financial Crisis was raging,[…]