Nonage Immanuel Kant (1724 – 1804), the enlightenment philosopher, defined the word ‘nonage’ as such: Nonage is the inability to use one’s own understanding without guidance. Kant was not a risk manager but his concern highlights an issue that is very germane to modern risk management. Like many risk managers, I have an ambiguous attitude towards, […] May 28, 2021, by administrator
Risk Reporting – Here be Dragons As an ex-physicist, I will always hold true to the, very subjective, opinion, that much of financial theory is just a case of physics wannabees. The fact that two psychologists, Kahnemnn and Tversky won (well at least one of them) a deservedly Nobel prize in economics, merely confirms my prejudice. That being said, this note […] May 24, 2021, by administrator
ESG – Data Management “Toto, we are not in Kansas anymore” As Dorothy stepped out of her ruined house in Oz, she realised that she had gone from a dull, grey, black and white Kansas to a technicolour Oz. I am not sure how many people in the funds management arena realise it, but we are fast approaching a […] May 17, 2021, by administrator
Greensill The Essence of Risk Management – Lessons from Greensill Greensill. History does not repeat, but sometimes it rhymes. And then sometimes it does actually repeat. Long story short, magician financier reinvents a neglected area of finance, adds some secret sauce and hey presto, turns BBB or worse assets into AAA assets that yield AA returns. […] May 7, 2021, by administrator
CP86 CP86: A Risk Managers Perspective So, it is finally here – the much-vaunted Central Bank of Ireland (“CBI”) feedback on the implementation of CP86[1]. From a purely risk management perspective the path this leads ManCos/UCITS and AIFMs down is interesting. It is widely acknowledged in the Irish funds industry that any application to set up […] November 4, 2020, by administrator
Liquidity Risk Webinar On the 22nd of September RiskSystem hosted a webinar where we gave a live demo of our fully ESMA compliant liquidity risk solution. The video is approximately 30 minutes long. September 24, 2020, by administrator
Chief Financial Officer Position This role of Chief Financial Officer (CFO) is responsible for the planning, implementation and managing of the finance, HR, Legal and Office Manager activities of the company, including business planning, budgeting, forecasting and negotiations. The aim of this role is to assist the CEO in growing the company, increasing shareholder value and ensuring the company […] February 4, 2020, by administrator
Illiquidity There is nothing like jumping on a bandwagon to validate one’s internal prejudices, however it must be admitted that some of the criticism of the Woodford fund management process is entirely justified. Firstly, given the mostly rational stance that adherence to long term investment principles is predicated on rising asset values, requiring investors to be […] June 18, 2019May 30, 2022, by administrator
PRIIPs – A Primer Background As of January 1, 2018 the Packaged Retail Investment and Insurance-based Products (PRIIPs) regulations came into force. PRIIPs extends the consumer protection standards introduced by MiFID II to insurance-based investment products. The objective of the regulations is to increase the efficiency of financial markets and to make consumers more financially aware of product they […] May 25, 2018, by administrator