StatsNews: Aggregating Economic Open Data news StatsNews Version 1.3 of the RegNews Aggregator includes a separate stream of economic opendata news releases. Regnews is a web app developed by Open Risk to assist with keeping abreast with diverse financial regulatory news releases and publications. The app data are directly derived […]

StatsNews: Aggregating Economic Open Data news   New !



Fintech Risk Events Fintech Risk Events is an open catalog of observed and publicized operational failures of fintech business models. The catalog aims to document, in due course, such events reasonably accurately, to allow risk managers understand the (potentially new) vulnerabilities of new financial services models. Scope The scope of […]

Fintech Risk Events



Regnews: Financial Regulatory News Aggregation Version 1.2 The #RegNews Aggregator is a web app developed by OpenRisk to assist with keeping abreast with diverse financial regulatory news releases and publications. The app data are directly derived from the published regulatory RSS sheets (NB some are not conforming to RSS standards). […]

Regnews: Financial Regulatory News Aggregation Version 1.2



Top 10 Risk Manual Articles The current list of Top 10 Risk Manual Articles, sorted by reader popularity covers a range of topics in risk management. External Fraud, (Operational Risk) Herfindahl-Hirschman Index, (Concentration Risk) Hannah-Kay Index, (Concentration Risk) Concentration Ratio, (Concentration Risk) Granularity Adjustment, (Concentration Risk) Business Execution, (Operational Risk) […]

Top 10 Risk Manual Articles



The Atlas of Bad Risk Management. The Atlas was discovered recently in archeological work studying pre-crisis civilizations. Despite the obvious wear and tear, all key risk failure areas have been preserved. We note the remarkable diversity of organizational forms and economic structures. Most interestingly, there is even an uncharted territory […]

The Atlas of Bad Risk Management



Visualizing the risk management of the future How do we communicate risk insights? The information tools used by risk managers to communicate insights have been transformed multiple times over the ages. In each era we have adopted existing technologies, but we also created demand for new technologies. Our era is […]

Visualizing the risk management of the future





Save the AMA whale ΝΒ: This is not a post about real whales and the ongoing struggle to keep these magnificent mammals alive for future generations to marvel at. Hopefully the individuals who have risked their lives to bring the near extinction of many whale species to worldwide attention will […]

AMA Risk Model



Risk Capital for Non-Performing Loans Currently many countries are drowning in bad credits This visualization from the World Bank shows the current distribution of non-performing loans (NPL’s in short) around the world, as fraction of the total outstanding loans: Translated in absolute numbers (according to IMF data) the European NPL […]

Risk Capital for Non-Performing Loans



Google Summer of Code Ideas List Page Over the course of the years we have seen many an open source project that we love and use daily participate as mentoring organizations in Google’s great communal activity. This year OpenRisk applied to join the effort to promote open source, in particular […]

Google Summer of Code Ideas List Page



Risk Management Internship In finance, it’s the best of times, it’s the worst of times It is a special moment to start a career in financial services. We are walking amid the ruins of the previous financial order. Fallen banks, broken markets, negative interest rates, shell-shocked economies and discredited theoretical […]

Risk Management Internship on the Cusp of a New Financial Era



Top 10 Reasons why Silicon Valley cannot disrupt Wall Street (yet) This is the 2016 update on our independent critical examination of the running meme of “fintech disruption” in the financial services space. The “Top Ten list of why Silicon Valley cannot Disrupt Wall Street (yet)” was published first here […]

Top 10 Reasons why Silicon Valley cannot disrupt Wall Street (yet)



From Big Data, to Linked Data and Linked Models The big data problem: “As certainly as the sun will set today, the big data explosion will lead to a big clean-up mess” How do we know? We only have to study the still smouldering last chapter of banking industry history. […]

From Big Data, to Linked Data and Linked Models



Correlation Radar added to the Dashboard About the Correlation Radar: The EU Risk Dashboard is a web app developed by OpenRisk to assist with the exploration and understanding of the large number of economic indicators published by the ECB in its Statistical Data Warehouse. The app data are derived from […]

Correlation Radar added to the Dashboard



FX Lending Risk A stress testing methodology for analyzing FX lending risk. Extends standard credit risk modelling tools to capture the increased risks of FX lending in a consistent way Financial Weapons of Mass Destruction Warren Buffet famously declared financial derivatives as weapons of mass destruction (although apparently this did […]

FX Lending Risk



Update Jan 2016: We have moved the risk forum to a new framework to improve the usability of the website. Please let us know of any issues One of the many good suggestions during early beta testing of the OpenRisk website was to create a forum for risk management professionals […]

Risk Forum now operational! (Update)



Business Model Risk: The Forgotten Risk Type Sustainable business models that demonstrate adequate profitability over long horizons are key to a healthy market economy. This applies to firms and organizations of any size and in any sector. But how do we determine what is sustainable and how can we tell […]

Business Model Risk



From OpenRisk, to all our friends, colleagues, collaborators, users, partners and the general public: May the network be with you in 2016!

Wishes for an Open and Linked 2016



Risk Management Skills for the Fintech Era Financial services jobs continue being decimated. A recent FT article was a sobering summary of the continuing “transformation” of the financial sector: 2015 alone has seen more than 10% reduction of the total workforce across large EU/US banks: As main drivers for this […]

Risk Management Skills for the Fintech Era



Listening to the sound of the economy How do we make sense of the torrent of economic datasets becoming available? One obvious answer is via visualization. This domain is experiencing a veritable renaissance and you ain’t seen nothing yet (no pun). Here we want to do instead an initial, and […]

Listening to the sound of the economy