AIG, GE and Pru given risk controls – FT.com


See on Scoop.itComplexity & Resilience

I have ‘discussed’ the differences in the perspective on the role of insurers in systemic risk. As far as I am aware in UK the (somewhat naive) stance is that insurers are not ‘systemically important’. I have yet to hear a credible counter to my assertion that commercial insurers can act as ‘hubs’ or ‘superspreaders’ of systemic risk. “If a firm were to get into material financial distress what are the impacts of the distress on counterparties, on markets, on the services they provide in the financial system?”
See on m.ft.com

Big Data Needs a Big Theory to Go with It: Scientific American


See on Scoop.itComplexity & Resilience

Our traditional approaches to these problems are often qualitative and disjointed and lead to unintended consequences. To bring scientific rigor to the challenges of our time, we need to develop a deeper understanding of complexity itself.
See on www.scientificamerican.com