Cyber Risk Is Financial Risk

Cyber Risk Is Financial Risk

Back in February, Steven D. Baker and Michael Junho Lee from the Federal Reserve Bank of New York released a paper about systemic cyber risk and how to measure it meaningfully. Amongst the paper’s many conclusions, I find the ones about where the risk arises and how...
Raters of the Private Assets

Raters of the Private Assets

Did you know that George Lucas originally wanted Tom Selleck to play Indiana Jones? However, contractual obligations to Selleck’s moustache and, of course, his role as Magnum P.I. got in the way and landed Harrison Ford as the iconic Professor Jones instead. This...
Renaissance Jeans

Renaissance Jeans

It is a known fact that if you keep those low-rise/high-waist/baggy/skinny/bell-bottom/bootcut/wide-leg jeans in your closet long enough, they are bound to be fashionable again. It is even better if you had forgotten about them and then find them just at the right...
Fraud or Risk?

Fraud or Risk?

After the failures of Tricolor, a Texas-based subprime lender, and First Brands, an automotive supplier, Jamie Dimon of JPMorgan Chase famously said that if you see one cockroach there are probably more around. Late in February, another one (allegedly) showed up in...
Please, Release Me, Let Me Go

Please, Release Me, Let Me Go

My crinkly brain has been stuck on this song Please, Release Me (1949) made popular by Engelbert Humperdinck in 1967 (look up Izzard’s skit about workshopping that artist name). It gets weirder because the earworm was brought to me by an owl, specifically Blue Owl...