| Website | https://www.openriskmanagement.com |
| Manual | https://www.openriskmanual.org |
| Academy | https://www.openriskacademy.com |
| Code | https://github.com/open-risk |
#RiskManagement means different things to different people.
In this post we explore truths about risk management that highlight both the challenges it is facing as a young discipline and the significant role it can play towards a sustainable future
https://www.openriskmanagement.com/9-things-they-do-not-tell-you-about-risk-management/
Many developers still treat #python as another programming language. But there are now many hints that we are witnessing a new phenomenon, a new mode of interacting with computers. Not as general but more widely accessible.
Evidence the huge popularity of #jupyter notebooks which are among the most downloaded visual studio code extensions.
Sometimes people say Python is the new excel but thats not quite capturing it. Its more the extension of #linux sysadmin scripting to include #datascience
#digitalsovereignty means both hardware and software sovereignty. You can't really separate these two.
On the hardware side Europe has so thoroughly de-industrialized in the past decades it will take decades to recover (if ever). This has dramatic repercusions because software... runs on hardware.
On the software size things are less hopeless as it is more of a mind game. A coordinated push, with #opensource at the core, could be very effective in the short to mid-term.
If we enumerate possible design choices there are thousands of possible social media platforms - but is anyone actually good?
Are better experiences to be found within this vast configuration space or do we need a more fundamental rethink?
And how can we go about finding out?
The Open Risk Academy course "Introduction to Input-Output Models using Python" has been updated and expanded:
A new course is now available at the Open Risk Academy (free upon registration):
The #FOSS Business Model Risk Canvas.
The course is structured as a self-assessment tool for any team pursuing an #opensource business model and striving for financial sustainability.
Read through the sections discussing each business model element in turn and translate the discussions into your own context and specificities.
Good luck (we all need it 🥲 )
As we move deeper into the 2nd quarter of the 21st century, it does not remotely look like the tech utopia we were once promised.
The blueprint for humane and sustainable societies is still theoretical, still waiting for aspirational words to translate into actions, inventions, realizations...
The US and China have claimed their respective niches, the question is what the rest of the world (and in particular Europe) will do (if anything).
When financial institutions report financed portfolio emissions on two successive periods there is an important question of explaining what has happened in between.
In a blog post we discuss variability drivers of reported financed emissions of portfolios. Using a conceptual deed-dive into calculation procedures we isolate the fundamental factors and how they can be explained using waterfall diagrams.
https://www.openriskmanagement.com/analysing-the-volatility-financed-emissions/
In this post I express standard financial statements concisely using symbolic mathematical notation that substantially captures their numerical information content and the constraints being satisfied.
The incidence matrix of an accounting graph helps derive the classification, aggregation and stock-flow machinery that reproduces the well-known balance sheet, income and cash flow statements.
https://www.openriskmanagement.com/mathematical-formulation-of-financial-statements/
