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...
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...
Creative Destruction

Creative Destruction

About a month ago, the Nobel Prize in Economics was awarded to Joel Mokyr, an economic historian, and Philippe Aghion and Peter Howitt, both economists, for their insights on how sustainable growth happens through creative destruction. Their work is centered on how,...
It’s Not That Easy to AI

It’s Not That Easy to AI

One of my favorite “Steve” memes is: Steve joined a gym in January. He’s had disappointing results. Today, he has finally decided to head down there himself to find out what’s going on. -In Otter News I am not saying that banks have treated AI like Steve’s...