simplifying risk management
Each of the recent bank that failed was in a different position, and no single factor caused these banks to get into trouble. However, these recent events provide some essential takeaways for risk and communications managers. Here are four I think are worth thinking about.
Daily SITREP for Friday, March 17, 2023 Read this on the Blog Welcome to the SITREP for Friday, March 17, 2023. Two very different banking crises played out this last week and, while both seem to be over, the panicky reactions in world markets indicates a lot of FUD (fear, uncertainty, and doubt) has built … Continue reading SITREP for Friday March 17 2023
Regular training is necessary to ensure your leadership team is prepared for a crisis. But getting a management team to buy into what seems like a lot of training time can be tricky. Here's how to sell the idea of frequent training.
The other afternoon, I was curious (and possibly a little bored...) and set myself a challenge. Could I use generative AI to build realistic input for crisis management exercises?**Spoiler - yes, I could.
Good morning. The extent of yesterday's earthquake in Turkey and Syria is becoming clear and many difficult days of search, rescue and recovery lie ahead. Although tragic, something like this is outside the scope of this newsletter and I can’t do justice to such a fast-moving event so I won’t be continuing to cover the … Continue reading Balloons, Taiwan and Made in ChiMexico: A Chinese Threefor
Banking problems in Silicon Valley spread across the globe but what’s next is unclear. (And no, crypto is not the answer.) Plus Kallas wins in Estonia. The Daily SITREP for Friday, March 10, 2023 is out. Five minutes, no noise, just what you need to know as a decision-maker.
Good morning. 🇳🇬 Nigerians Vote Nigerians will elect their new president and parliament this weekend with third-party candidate Peter Obi leading recent polls (ANAP Foundation). Obi has a strong following amongst younger Nigerians and a win would signal a break from some of the traditional political power structures in the country. However, there is still … Continue reading Nigerians Vote and a South Pacific Remake
The now widely available AI tools open up a lot of possibilities but there are still some limitations Here are five things worth keeping in mind.
A small data approach will speed up and simplify the risk analysis process, free up resources, and avoid creating the impression of greater understanding than there actually is. This paper explains how such a system could work. (An update on the risk metrics project.)
I chatted with OpenAI's Chatbot the other day and asked it some questions about risk management. The answers were clear, nuanced and thoughtful, supporting all the hype surrounding the tool. Here's the unedited transcript.