The hottest Risk management Substack posts right now

And their main takeaways
Category
Top Finance Topics

Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/CIR/007/075

RegAlert • 0 implied HN points • 23 Jun 23
💰 Finance Risk management
  1. Financial institutions must establish measures to mitigate risks from high-risk customers, including Politically Exposed Persons (PEPs)
  2. The Central Bank of Nigeria has issued a guidance note to help with assessing and mitigating these risks
  3. Immediate compliance is expected from all financial institutions regarding the guidance note on Politically Exposed Persons (PEPs)

Alert: Central Bank of Nigeria Circular OFI/DOA/CON/OFI/001/304

RegAlert • 0 implied HN points • 09 Jan 23
💰 Finance Risk management
  1. Financial institutions in Nigeria's OFIs are directed to divest from funds managed by uninsured entities, aiming to reduce high credit and liquidity risks
  2. Existing placements in uninsured entities must be liquidated within 90 days to safeguard depositors' funds
  3. This regulation is implemented by the Central Bank of Nigeria to protect the financial interests of the depositors

Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/CIR/001/042

RegAlert • 0 implied HN points • 25 Apr 22
💰 Finance Risk management
  1. The Central Bank of Nigeria issued a circular to Other Financial Institutions (OFIs) about implementing effective risk-based approaches to combat money laundering and terrorism financing.
  2. The circular introduces a guidance note to help OFIs identify, assess, and mitigate money laundering/terrorism financing risks in their operations.
  3. OFIs are required to comply with the guidance note immediately.
Get a weekly roundup of the best Substack posts, by hacker news affinity:

Alert: Central Bank of Nigeria Circular BSD/DIR/PUB/14/063

RegAlert • 0 implied HN points • 02 Sep 21
💰 Finance Risk management
  1. The Central Bank of Nigeria issued new guidelines on liquidity monitoring tools (LMT) in September 2021 to improve liquidity risk management in financial institutions.
  2. Financial institutions must now establish robust LMT frameworks to effectively identify and address liquidity risks in a timely manner.
  3. Institutions are required to regularly submit detailed LMT reports to the regulatory body for monitoring and supervision purposes.

Alert: Central Bank of Nigeria Circular BSD/DIR/PUB/14/063

RegAlert • 0 implied HN points • 02 Sep 21
💰 Finance Risk management
  1. The Central Bank of Nigeria issued revised guidelines on supervisory review process for internal capital adequacy assessment to enhance supervision and risk management in financial institutions.
  2. Financial institutions in Nigeria are required to comply with the new guidelines to ensure accurate assessment of internal capital adequacy.
  3. The aim of the revised guidelines is to strengthen the supervision and risk management practices in the financial sector of Nigeria.

How to Succeed on a Planet in Crisis

The Snap Forward • 0 implied HN points • 15 Feb 24
🌞 Climate & Environment Risk management
  1. The course focuses on preparing individuals for the challenges of a rapidly-worsening planetary crisis by teaching strategies for making informed decisions and planning for the future.
  2. Participants will gain new frameworks to navigate emerging patterns, develop a stronger personal ruggedization strategy, and integrate climate foresight into their careers and daily lives.
  3. The course emphasizes the importance of understanding the scale of change, assessing relative safety in different locations, and building a platform for success amidst uncertainty by engaging in critical conversations and forming shared visions.

Data Deep Dive: Web Mining Shows Inflections in Apparel Sector Results

The Data Score • 0 implied HN points • 27 Jul 23
💼 Business Risk management
  1. Monitoring price trends is crucial for understanding and analyzing competitive value and market strategies of businesses.
  2. Web-mined pricing data can provide early insights into companies' pricing strategies and their ability to execute them.
  3. Analyzing web-mined pricing data requires proper cleansing, enrichment, and interpretation, considering limitations such as data gaps and differences between online and offline prices.

"Bangsun Tech" STAR Market IPO Application Accepted

CyberSecurityMew • 0 implied HN points • 20 Jun 23
💼 Business Risk management
  1. Bangsun Tech's IPO application was accepted by the Sci-Tech innovation board on June 19, 2023.
  2. The company specializes in big data infrastructure software development and application solutions, particularly in smart finance and cybersecurity.
  3. Bangsun Tech plans to focus on expanding its products in intelligent risk control, anti-fraud, and anti-money laundering fields, as well as diversifying into areas like cybersecurity and transportation.

Equal Ventures Focus Area: Insurance

Equal Ventures • 0 implied HN points • 12 Aug 20
💼 Business Risk management
  1. The insurance industry is experiencing significant changes due to digital transformation affecting various parts of the insurance value chain.
  2. Insurers are increasingly utilizing signal data from various sources to enhance underwriting results and risk management, leading to the emergence of Managing General Agents (MGAs) benefiting from this trend.
  3. Opportunities in the insurance space include developing innovative insurance solutions that combine digital and insurance products, enhancing efficiency in the broker landscape through digital transformation, and creating infrastructure for improved efficiency in reinsurance and Managing General Agent markets.

Product Management Skills - Articulating assumptions and acting with intention

Joseph Gefroh • 0 implied HN points • 22 Feb 24
💼 Business Risk management
  1. Product Managers need to be intentional with their decisions to drive beneficial outcomes for the company. Lack of intentionality can lead to arbitrary decisions that may not have the desired effect.
  2. Being intentional involves articulating the thought process behind proposals, validating assumptions, and being open to feedback. This increases the chances of success in product management.
  3. To effectively manage a product, one should thoroughly discover and define the problem space, propose viable approaches, form concise hypotheses, articulate key assumptions, validate those assumptions, make informed decisions, and monitor outcomes for continuous improvement.

Product Management Skills - Articulating impact risk

Joseph Gefroh • 0 implied HN points • 18 Feb 24
💼 Business Risk management
  1. As a product manager, it's crucial to articulate and understand the impact risks associated with your work. This helps in prioritizing and addressing potential negative effects.
  2. Understanding how your company makes money is vital as a product manager. Connecting your work to the company's bottom line increases your impact and value.
  3. Knowing what is important to your company and where your team's efforts fit in is essential. Aligning your work with company priorities and goals helps mitigate impact risks and drive meaningful outcomes.

Product Management Skills - Articulating adoption risks

Joseph Gefroh • 0 implied HN points • 16 Feb 24
💼 Business Risk management
  1. Articulating adoption risks is crucial in product management to understand and address potential negative effects of a new solution.
  2. For a product manager, balancing the levers of creating value while ensuring adoption by users is key to successful product development.
  3. Adoption risks can be mitigated by strategies like improving awareness, simplifying usage, setting up effective defaults, and considering whether adoption is even desired for certain features.

Product Management Skills - Articulating development cost risks

Joseph Gefroh • 0 implied HN points • 16 Feb 24
💼 Business Risk management
  1. As a product manager, it's crucial to articulate, define, and compare risks to make informed decisions.
  2. Development cost risk is a key consideration for product managers, impacting the cost-effectiveness of solutions.
  3. Saying 'no' to a project due to development cost concerns may actually hinder value delivery, as development costs are ongoing even when no work is done.

Start Here: Locks & Leaks Teaser

Locks and Leaks • 0 implied HN points • 14 Oct 23
🕹 Technology Risk management
  1. Locks & Leaks promotes the physical security red teaming profession to help organizations make better security decisions.
  2. The site offers an outline of the Locks & Leaks structure, including resources for physical red teaming and profession growth.
  3. Different sections on red team types and targets, red team tradecraft, and building a red team provide detailed insights and guidance.

Safe events

Joshua Gans' Newsletter • 0 implied HN points • 30 Aug 21
🏥 Health & Wellness Risk management
  1. Rapid antigen tests can help make events safer by reducing the risk of someone infectious attending, but they are not foolproof. Testing before an event and daily can help manage the risk of potential spread.
  2. The use of rapid tests can potentially lead to a sense of complacency regarding social distancing and mask-wearing, so it's important to have a clear plan in place in case someone tests positive at the event.
  3. In the end, having everyone vaccinated is crucial, with testing serving as an additional layer of protection especially in high-prevalence situations. However, there are no guarantees, so decisions should be made based on the specific circumstances.

What to do about vaccine hesitancy

Joshua Gans' Newsletter • 0 implied HN points • 23 Apr 21
🏥 Health & Wellness Risk management
  1. Vaccine hesitancy is influenced by individual perceptions of Covid-19 risk, their preferences, and the prevalence of the virus in the population.
  2. Vaccine passports target personal motivations for getting vaccinated but don't address the underlying gap between private and social incentives.
  3. A strategy to ease restrictions based on prevalence levels can help align individual and societal incentives for vaccination, focusing on managing infection risks and encouraging timely vaccination.

The Economist's Trigger

Joshua Gans' Newsletter • 0 implied HN points • 08 Mar 21
🏥 Health & Wellness Risk management
  1. Emotional reactions can be unpredictable and vary from person to person, sparking different responses even to the same triggers.
  2. Individuals may have differing perspectives on concepts like fairness and personal rights, leading to contrasting emotional reactions.
  3. Varying emotional triggers can highlight differences in values and beliefs, such as the balance between individual freedoms and social cohesion.

Information provision and individual response

Joshua Gans' Newsletter • 0 implied HN points • 15 Jan 21
🏥 Health & Wellness Risk management
  1. People's knowledge about COVID-19 symptoms and transmission mechanisms influenced their adoption of risk mitigation measures like mask-wearing and social distancing.
  2. Government actions such as messaging, mask mandates, and lockdowns played a significant role in changing behavior, with noticeable differences in behavior between countries with and without these measures.
  3. While knowledge was associated with increased protective measures, adoption of social distancing practices was not sufficient, indicating that other factors may influence this behavior.

Uncomfortable vaccine decisions

Joshua Gans' Newsletter • 0 implied HN points • 11 Dec 20
🏥 Health & Wellness Risk management
  1. Vaccine distribution plans should consider region-by-region vaccination to achieve normality in some places earlier, rather than nationally all at once.
  2. Participants of vaccine trials who received placebos could be considered for early vaccination to encourage more trial participation.
  3. Vaccinating air travelers early could help reopen the airline industry sooner and reduce the need for government bailouts, despite initial dislike for the idea.

Test Week: On the Rebound

Joshua Gans' Newsletter • 0 implied HN points • 20 Aug 20
🏥 Health & Wellness Risk management
  1. Implementing widespread, cheap, rapid Covid-19 testing may impact people's behavior in managing contagion risk.
  2. Rolling out a testing regime could lead to a rebound effect where people engage in less social distancing and mask-wearing, potentially increasing infections.
  3. To mitigate the rebound effect, it is important to identify groups likely to reduce social distancing, combine testing with mandatory distancing, and avoid relying solely on self-reported tests.

Messiness and automation

Joshua Gans' Newsletter • 0 implied HN points • 13 Oct 16
🕹 Technology Risk management
  1. Messiness and disorganization can sometimes lead to innovation and better outcomes, challenging the belief that perfection is always necessary.
  2. There is a trade-off between automation for efficiency and the risk of losing skills and expertise, as highlighted in the context of pilot automation systems.
  3. Balancing the level of 'mess' or disorganization in our lives is essential, as too much or too little can both have detrimental consequences.

The Principal Agent Problem

Metarational • 0 implied HN points • 27 Jan 23
💼 Business Risk management
  1. Organizations appoint agents to make decisions on their behalf, which can lead to the principal agent problem if the agent's incentives don't align with the organization's goals.
  2. Solving the principal agent problem involves aligning incentives between the agent and the organization, and constraining the choices the agent can make to avoid conflicts.
  3. The principal agent problem can result in corruption, excessive risk-taking, or aversion to risk, impacting organizations like hedge funds, universities, and government agencies.

Vector Lab in collaboration with Avery Corp: Special Research Report: Getting Rich Quick

Do Not Research • 0 implied HN points • 15 Oct 22
💰 Finance Risk management
  1. The research aimed to find ways to get rich quick through novel schemes rather than going for traditional jobs or hustles.
  2. There are distinctions between scams and schemes, with schemes focusing on exploiting systems instead of individuals.
  3. One profitable scheme discussed in the research is 'gambling promotion arbitrage' which involves taking advantage of 'risk free bet' offers from different sportsbooks.

Perceived options are pivotal

AI Prospects: Toward Global Goal Convergence • 0 implied HN points • 14 Feb 24
🕹 Technology Risk management
  1. Perceived possibilities shape perceived options, interests, and goals, and recognizing new possibilities can lead to better outcomes.
  2. AI has the potential to create and destroy options, impacting the interests of various entities, and understanding this could align goals.
  3. To benefit from AI while reducing risks, there needs to be a better understanding of safe, highly capable AI systems and their potential impact on society.

About that ISDA Pt 6(a): Section 2(a)(iii): the theory

The Jolly Contrarian • 0 implied HN points • 08 May 24
💰 Finance Risk management
  1. Section 2(a)(iii) of the ISDA Master Agreement outlines conditions that need to be met for each party's obligations in a transaction, including no default events against the other party.
  2. Assets in financial agreements need to have continuity in time and space to maintain their value, and flawed assets can cause issues during insolvency proceedings.
  3. The ISDA's flawed asset clause allows a non-defaulting party to suspend obligations if the defaulting party fails, avoiding crystallizing a mark-to-market loss but compromising the defaulting party's asset.

From the ISDA annals: employment derivatives

The Jolly Contrarian • 0 implied HN points • 26 Apr 24
💰 Finance Risk management
  1. Employment derivatives were created to manage the risk of employment variability, but interest in them waned due to selling practices.
  2. The concept of hedging employment rate risks with swaps was proposed, allowing companies to manage the unpredictability of their workforce.
  3. Observable measures like PIBOR were introduced to gauge prevailing startup insanity and credibility spreads, contributing to the financialization of the employment relationship.

About that ISDA Pt 4(b): The qualities of a good ISDA

The Jolly Contrarian • 0 implied HN points • 01 Mar 24
💼 Business Risk management
  1. Consistency in contract terms is crucial for clarity and efficiency, especially in crises when quick decisions are needed.
  2. Template simplification is valuable; strive for plain, modern language in legal documents to aid understanding and reduce negotiation time.
  3. Challenging outdated organizational forms is possible and beneficial; offering to improve them can lead to positive changes and improve relationships with customers.

About that ISDA: Pt 1: Three aims of an ISDA

The Jolly Contrarian • 0 implied HN points • 24 Jan 24
💼 Business Risk management
  1. Understanding the ISDA Master Agreement is important for trading swaps and managing risks in the financial market.
  2. The ISDA Master Agreement serves as a relationship contract, a credit risk management tool, and a capital optimization tool for counterparties in derivative transactions.
  3. Over time, the ISDA has grown from a simple means of expediting trades to a complex bureaucratic process, but its core importance remains in facilitating OTC derivative transactions.

On apples

The Jolly Contrarian • 0 implied HN points • 20 Jan 23
💼 Business Risk management
  1. Bad apples can be difficult to identify and may exploit vulnerabilities in complex systems
  2. The concept of good bad apples highlights the challenge of spotting certain types of bad apples
  3. Process-driven governance may hinder the ability to uncover concealed bad apples; alternative approaches could be more effective in surfacing risks

HOSE quá tải

Thái | Hacker | Kỹ sư tin tặc • 0 implied HN points • 14 Mar 21
💰 Finance Risk management
  1. The HOSE stock exchange in Vietnam is overloaded and facing challenges with its software, prompting discussions about potential solutions from companies like FPT.
  2. There are concerns regarding the effectiveness and timeline of proposed solutions, as well as the ability to handle the high trading volume of HOSE compared to other exchanges.
  3. Software development projects, especially complex ones like this, often face uncertainties in timelines and outcomes, with estimates being difficult to pinpoint accurately.

hindsight bias

Thái | Hacker | Kỹ sư tin tặc • 0 implied HN points • 21 May 08
💰 Finance Risk management
  1. Hindsight bias is the tendency to believe that outcomes were predictable, even though they may not have been at the time.
  2. People often overestimate their ability to predict future events based on their perceived success in predicting past events.
  3. There are numerous factors that can influence stock market outcomes, making it difficult to accurately predict future market behavior.

Attention Freelancers! How to spot a client red flag 🚩

The Open Source Expert • 0 implied HN points • 14 Jul 24
💼 Business Risk management
  1. Look out for clients who can't clearly tell you what they want. If they keep changing their mind or seem confused, it could be a sign of trouble.
  2. Be cautious of clients who expect free work or make promises about future jobs that never happen. It's usually better to get a commitment upfront.
  3. Always have a retainer agreement in place. This helps set clear expectations and protects you if things go wrong.

Quality Engineering Basics: Automated vs. Manual

QUALITY BOSS • 0 implied HN points • 11 Mar 24
🕹 Technology Risk management
  1. Deciding which tests to automate or run manually is important. You should look at the risk level and necessary effort for each test.
  2. Using a scoring system can help prioritize tests. This involves scoring impact, likelihood, frequency, and the effort required for manual or automated testing.
  3. Starting small with your scoring approach is a good idea. You can adjust the numbers until you find what works best for your testing needs.

Building Thrive AI: Navigating the Challenges of Deploying AI Tools in Organizations

Code and Context • 0 implied HN points • 09 Jul 24
🕹 Technology Risk management
  1. Organizations of all sizes are interested in using AI tools, especially Large Language Models, to improve their services and operations. This includes fields like healthcare, finance, and education.
  2. Implementing these AI tools comes with challenges like ensuring data privacy, integrating into existing workflows, and finding the right balance between AI and human skills.
  3. It's important to assess risk, manage data carefully, set clear goals, and choose the right AI models to ensure successful deployment of AI solutions in organizations.