Readers will be aware of the banking crisis playing out in front of our eyes. Let’s take a moment to look at just two demises: Silicon Valley Bank and Credit Suisse, both effectively nationalised in Government emergency actions this month.
Continue readingBusiness
Business issues and decision making.
Bank bail outs are insane
For three reasons:
Continue readingRisk Management at SVB
Silicon Valley Bank collapsed last week. The ramifications are not yet known but will be significant. Who was in charge of financial risk management at the bank? Read on.
Continue readingResearch? Pull the other one
This is an example of the damage the woke virus has done to the minds of many senior executives in corporate life. Read this press release with a straight face, if you can. I read the report so you don’t have to.
Continue readingThe end of ESG and corporate wokeism is not far away
It seems clear that the era of ESG and corporate wokeism is closing.
Continue readingAnd in fashion news, we turn to stress testing financial institutions
Does anyone else get the feeling that regulators and supervisors of financial institutions such as insurers, banks and pension funds merely follow the fashion?
Continue readingAnnuities on the march
The corporate defined benefit pension plan of the past is a rare beast in Australia these days. Most large employers have been winding these plans down for decades and there are not many left.
Continue readingAre HR departments necessary?
Ask Google to respond to that query and it returns, in short, Yes.
Any number of articles will appear as to why it is a good idea to have an HR department. Reasons against an HR department are fewer and harder to find. Until now.
Continue readingWhat’s in a name?
Shakespeare wrote some pithy lines in the 17th century about names. You’ll find those lines in Romeo and Juliet. In essence he contended that calling a rose something else would not make it smell any less sweet.
Continue readingThe doddering, the unhinged, the Messiahs and the frantically busy hotel manager at the WEF
The World Economic Forum (WEF) annual meeting in Davos, Switzerland has just wound up its 2023 meeting. What a joy it is to behold the WEF meetings.
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Australian Actuary 