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Artificial Intelligence

If Chat GPT becomes superintelligent ...

As the field of artificial intelligence continues to advance, it is important to consider the potential risks and consequences of these developments. One such risk is the possibility of the…

Dimitrios Geromichalos
Comment

FMEA: AIAG-VDA standard

Probability of detection must get out of heads

Up to now, we have always used the D-assessment in the process FMEA to evaluate the ability of one or more detection actions to detect a cause or its effects in time. From our (German) point of…

Martin Werdich [FMEAplus Akademy]
Comment

Failure mode and effects analysis

The FMEA in medical technology industry

Safety of medical devices and risk management are two of the central demands of the legal requirements for manufacturers of medical devices in Europe. In the new EU Medical Devices Regulation…

Bernhard Lindner
Comment

Failure Mode and Effects Analysis

FMEA for planning police operations?

In front of the hip hop stage of the open air festival „Rheinkultur“ the atmosphere was aggressive. Various incidents, especially physical clashes between rival youths, had already occurred. When…

Stefan Kahl
Comment

Failure mode and effects analysis

The P-Diagram, a supporting tool, or the complete confusion?

The P-Diagram is frequently used when asking questions about supporting tools during the use of quality tools. In addition to the confusion about the abbreviation "P", it is often named the…

Ralf Kleideiter [FMEAplus Academy]
Comment

IDW PS 340: Audit of the early risk detection…

From a quantitative change of course to a view of opportunities

"If the ship is on the wrong course, it is not enough to change the captain – you have to change the course." The scenario described by the Czech writer Pavel Kosorin is a reflection for many…

Editorial team RiskNET

Defining Trends and Ways to Prepare

Risk Management Forecast for 2024

2023 undeniably etched its place in financial services history, a year marked by accelerating change and a precarious financial climate. It brought calamity in the form of largely unforeseen bank…

Stas Melnikov [SAS]
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Market analysis

Commodities respond to shock Trump win

It has been another crazy week on the political and financial market front. Donald Trump's unexpected win on Tuesday sent shockwaves across global markets with everything from currencies and…

Ole Hansen [Saxo Bank]
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Market analysis

Commodities pause as the dollar rises

A four-week commodity rally has come to a halt as the dollar continues to strengthen. The euro, the world's most actively traded currency against the greenback, dropped below €1.09 to hit its…

Ole Hansen [Saxo Bank]
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Risk Landscape

Flat commodities index conceals oil surge, gold breakdown

Commodities from an index perspective were close to flat on the week. Behind this perceived calm, however, some major developments unfolded – as can be seen in the table below.

Crude oil…

Ole Hansen [Saxo Bank]
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Market analysis

Rising risk appetite kicks commodities into gear

Commodities showed broad-based gains during a week that was driven by central bank action or perhaps (as it turned out) no action at all. The "hawkish no hike" from the Federal Open Market…

Ole Hansen [Saxo Bank]
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Risk analysis

Precious metals on defensive ahead of busy central bank week

Precious metals have been back on the defensive this past week with the shake-out in both bonds and stocks hurting the general level of the appetite for risk in the market. Next week's central…

Ole Hansen [Saxo Bank]
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Commodities Risk Analysis

Most commodities up but oil plays yo-yo

The Bloomberg Commodity Index, which tracks the performance of 20 major commodities split evenly between energy, metals and agriculture, continues to show a gain of more than 10% in the year to…

Ole Hansen [Saxo Bank]

Perverse instantiation and reward hacking

Midas GPT: "Ethical guardian" for AI users

Tales such as that of King Midas – whose desire to turn everything into gold ultimately proved fatal – reflect a central dilemma that is becoming significantly more important in the age of advancing…

Dimitrios Geromichalos
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Steen's Chronicle

The policymakers comical Ali strategy

I am writing this chronicle from South Africa which is almost as far away from Europe and the constant and never ending Brexit talk as you can come. It's hard even here to avoid the turbulence…

Steen Jakobsen [Saxo Bank]
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Reduce "cost of compliance"

Effectively managing regulatory requirements

Banks are complaining about the increasing, practically unmanageable complexity of regulatory requirements, and about the huge implementation costs that institutions have to bear. However, there…

Martin Rohmann
Comment

Gold rallies on bond-yields collapse, Brexit

Rising event risk

Commodities continued their strong ascent with broad-based gains across most sectors with the exception of industrial metals. Towards the end of another strong week, however, some profit taking…

Ole Hansen [Saxo Bank]
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Risk Analysis

Crude oil now at risk of deeper correction

The commodity sector was trading close to unchanged for a second week. Weakness in energy and especially precious metals was offset by gains across the agriculture and industrial metal sectors. …

Ole Hansen [Saxo Bank]
Comment

Metals surge despite flat macro outlook – oil…

Risk Analysis Commodity markets

Commodity markets had a strong week with broad-based gains seen across a sector that has been under siege for quite some time. The Bloomberg Commodity index rose 2.4% with metals – both precious…

Ole Hansen [Saxo Bank]
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Market and Risk Analysis

Rumor & Denial: Verbal oil intervention in action

January proved to be a very volatile month for commodities and the final week was no exception, with the oil market continuing to attract most of the attention. Speculation of a so far…

Ole Hansen [Saxo Bank]

A perfect risk world - or not?

Of simple stories and big risks

People love stories and simple truths. The "halo effect" has already been extensively researched in the field of behavioural economics. In everyday business life in particular, this effect ensures…

Christian Glaser
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