Category Archives: Risk and risk management

GT Group’s Protean Ian Taylor in the UK: Reuters’ Special Report on 43 Bedford Street, and More

An ignominious decade of UK company registration, illustrated by UK companies formed by Ian Taylor, an old friend from New Zealand

Banks Whinge About Tougher EU Regulations to Reduce Too Big to Fail Risk

The Financial Times is a bit too sympathetic to poor oppressed banks facing tougher EU safety rules.

Wells Fargo’s Management by Magical Thinking Comes Up Short in the Cover-Up Category

The more the press digs into the the sordid details of the Wells Fargo fake account scandal, the more rancid the stench.

The New Extreme Reality of Floods

Floods are an under-recognized economic and political risk….

Deutsche Bank and a $10Bn Money Laundering Nightmare: More Context Than You Can Shake a Stick at

Deutsche Bank’s $10Bn: the shell company back story

Major Insurers to G20 Nations: Stop Wasting Time, Phase-Out Fossil Fuel Subsidies by 2020

Insurers and finance pressure governments to end $444 billion in fossil fuel subsidies.

Big Wall Street Firms Make Lame Excuse for Volcker Rule Non-Compliance, Ask for Additional Five Year Extension

Big Wall Street firms like Goldman and Morgan Stanley offer “dog ate my homework” excuses for failure to comply with the Volcker Rule.

Even Endowments Like Harvard, Former Top Investors in Hedge and Private Equity Funds, No Longer Beat Boring Stocks and Bonds

Even supposedly oh-so-savvy endowments can’t eke superior performance out of private equity and hedge funds any more.

Bill Gross Chides CalPERS for Its 7.5% Returns Assumption; Illinois Set to Lower Target

More and more experts are taking CalPERS and other public pension funds to task over their barmy return assumptions.

COBOL and Legacy Code as a Systemic Risk

More on why legacy code at major banks is a ticking time bomb.

Is Brexit Moment a Lehman Moment? Fear Factor in Financial Crises

Comparing the market reaction to Brexit with key events during the crisis.

Beyond Credit Rating to Stabilizing an Unstable Economy

The third part in a three-part series on how to fix what is wrong with credit rating agencies.

Instability in Capitalist Economies and a Better Way to Think About Credit Risk

Instability in capitalist economies comes from the quest for profit. And that has implications for credit ratings that are often ignored.

Brexit Risk and Nigel Farage: We Know Where His Mouth is (“England”), But is His Money Offshore?

Is Nigel Farage’s wealth offshore? Is that why he’s so calm about Brexit?

Need a Loan in China? Hand Over a Nude Photo

Lender demands in China as a sign of credit stress.