The Fuzzy Side of Risk

The Fuzzy Side of Risk

A fair amount of the risk management consulting work I do is on the “hard” side of risk management; building and reviewing models, establishing KRA’s, stress testing, regulatory requirements, etc… But in reality risk and risk management are soft subjects...
The Impact of Risk Memory Decay

The Impact of Risk Memory Decay

How long do you remember risk events?   Why don’t we (collectively) learn from the past? Why do we dismantle programs and safeguards as we move further away from the risk event? Why do we make statements like, “I’ve never experienced this before”, or “This has...