What's this all about...
I’ve been involved with, and thinking about, risk for at least the last 30 years, both as a regulator at the NY Fed, and as a risk manager for AIG. In that time, I think I’ve learned a few things.
I like to impart what I’ve learned, so that’s what I will try and do here.
Part of this will be a discussion of the history of financial crises and risk management, another part may be a reaction to risks I perceive in the world, and the final part may just be things I enjoy (Behavioral economics, judgment and decision-making, leadership, machine learning, etc).
The title of the substack, Perspective on Risk, was also the name of a quarterly internal report we prepared when I was leading the Risk function in Bank Supervision at the NY Fed.