Finance

January 28, 2023

Liquidity Issues at Blackstone. "Blackstone has to prevent a catastrophic shift in stakeholder expectations," says Kossovsky.

Liquidity Issues at Blackstone. [There are now] questions about whether the people actually knew the risks, from higher fees than stock and bond funds to the illiquidity of the assets, and even the incentives advisers might get to push certain products. “Blackstone has to prevent a catastrophic shift in stakeholder expectations,” says Kossovsky.

December 19, 2022

To follow the quality of risk management, follow the insurance money.

To follow the quality of risk management, follow the insurance money:  Insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX, leaving digital currency traders and exchanges uninsured for any losses from hacks, theft or lawsuits, several market participants said. […] The FTX collapse will also likely lead to a rise in insurance rates, especially in the U.S. D&O market, insurers said. The rates are already high because of the perceived risks and lack of historical data on cryptocurrency insurance losses.

November 29, 2022

The bottom line: Mitigating an expectation shift by adapting or managing expectations reduces the risk of costly ESG | reputation risk.

Mitigating an expectation shift: An effective, thoughtful risk strategy. Of the many on offer, only our solution is quantitative, battle-tested, quality management-proven, and grounded in four Nobel Prize winning insights. The bottom line: mitigating costly reputation risk by targeting factors that would lead to a shift in expectations

October 28, 2022

Mitigating the Hazards of ESG-Linked Enterprise Risk. Two of every 3 directors prefer value-creation through an ESG-linked reputation strategy.

Carnell and Nir are two of the three speakers who will be delivering the general session titled, “Mitigating the Hazards of ESG-Linked Enterprise Risk,” at the RIMS ERM Conference on November 11th at 11:30 am. This session will explore the value proposition of how to manage ERM to mitigate ESG-linked reputation risk strategically. It will focus on the cultural aspects of rounding up the collaborators from legal and communications and risk insurance. Two of every 3 directors prefer value-creation through an ESG-linked reputation strategy.

October 18, 2022

Shifting expectations: bank run. A bank run in our model … is caused by a shift in expectations, which could depend on almost anything.

Shifting expectations: bank run. Douglas Diamond and Philip Dybvig won the Nobel Memorial Prize in economics this year for their work on (bank runs). “A bank run in our model,” they write, “is caused by a shift in expectations, which could depend on almost anything, consistent with the apparently irrational observed behavior of people running on banks.” “Almost anything” could include social media rumors, why not. […] “Every banker knows that if he has to prove that he is worthy of credit, however good may be his arguments, in fact his credit is gone.” 

September 6, 2022

Chicago Risk Forum, 2022 aims to be the premier event for the Chicago RIMS Chapter | engaging, industry leading educational opportunities.

The Chicago Risk Forum, 2022 aims to be the premier event for the Chicago RIMS Chapter, partnering with our greater Midwest Risk Management and Insurance Community. The mission of CRF is to provide engaging, industry leading educational opportunities and the ability to network and build professional relationships within the Risk Management and Insurance industry. CRF …

September 6, 2022 Read More