Please, Release Me, Let Me Go

Please, Release Me, Let Me Go

My crinkly brain has been stuck on this song Please, Release Me (1949) made popular by Engelbert Humperdinck in 1967 (look up Izzard’s skit about workshopping that artist name). It gets weirder because the earworm was brought to me by an owl, specifically Blue Owl...
The End of the BINO

The End of the BINO

Can a financial institution call itself a bank without having a banking license, that is, be a Bank In Name Only (BINO)? Recently, the central bank of Brazil announced that using the word bank in the name requires permission and the fulfillment of particular capital...
A Rare Glimpse of Systemic Risk

A Rare Glimpse of Systemic Risk

A camera catches a column of hand-written numbers as Sir David Attenborough narrates: Here, in the unforgiving embrace of the high peaks, a ghost of finance moves, the systemic risk, a creature so rightfully vilified its very existence seems a threat to our way of...
Gold!

Gold!

Gold (gold) Always believe in your soul You’ve got the power to know You’re indestructible, always believing -Spandau Ballet (1983) I imagine that most central banks secretly dream about becoming a safe haven. Yes, it comes with a lot of responsibility, and you have...
Data Matters

Data Matters

In our business—measuring financial risk in all its glorious variations—data is so absolutely foundational that it does not occur to us to imagine a world without it. But if we were to entertain that thought experiment, a world without data would be like a mind...