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...
No, But Also, Yes

No, But Also, Yes

It is rare that we talk about digital assets in The Risk Report, and that is a bit myopic because there is an overwhelming likelihood that digital assets, and especially the technology to store and transfer them, will encapsulate and be our global financial...
Overly Restrictive

Overly Restrictive

Parents of young adults might be familiar with this dilemma: there are certain ways you don’t want your kids to get in trouble, so you can either outright ban the behavior with a very high likelihood the young’uns are going to do it anyway but (try to) keep it from...
The End of the BINO

The End of the BINO

Can a financial institution call itself a bank without having a banking license, that is, be a Bank In Name Only (BINO)? Recently, the central bank of Brazil announced that using the word bank in the name requires permission and the fulfillment of particular capital...