Category: Risk

Cybersecurity, RiskLeave a comment

Risks cannot be mitigated without proper risk definition based on factual structure – e.g. Hormuz

Colin Henderson

As the world watches for any kind of out for the US/ Israel and Iran stalemate it is increasingly apparent that the Trump administration is backed into a corner with no clear escape. However signs are indicating movement by US as Rubio today indicated the war is over and mention of a one page memo circulating which could lead to an interruption to hostilities. One thing is clear and that is this war is driven by Israel interests as espoused by AIPAC a lobby groups supporting interests of Israel which provides cover for Netanyaho to proceed unilaterally. Each time any … Continue reading Risks cannot be mitigated without proper risk definition based on factual structure – e.g. Hormuz

AI, EU, Europe, regulation, RiskLeave a comment

EU Omnibus VII’ legislative package in the EU’s simplification agenda

Colin Henderson

EU and council proceeding as planned. Banking remains relatively unaffected with reliance on existing compliance and regulatory mechanisms. Nonetheless risk tolerances will continue to be considered while managed under the auspices of current regulatory frameworks as applicable. —————————————— EU AI omnibus simplification deal (May 7): Political agreement reached to adjust high-risk AI compliance deadlines (August 2, 2026), extend sandbox establishment to August 2027, and shorten AI-generated content transparency implementation to December 2, 2026. The deal bans “nudification” apps. Directly affects any financial institution using AI in regulated products.• Source: EU Council, May 7 This press release was updated on 18 … Continue reading EU Omnibus VII’ legislative package in the EU’s simplification agenda

Diplomacy, Geopolitics, Risk, World OrderLeave a comment

Morning Briefing — Friday, 22 May 2026 · 7:00 EST · ~1,280 words

Colin Henderson

Today’s briefing is dominated by overlapping closure and escalation: the NPT Review Conference ends today in New York without consensus — its third failure in a row — while Iran nuclear talks sit deadlocked ahead of a May 31 informal deadline. Alongside that, two near-simultaneous NATO stories reveal a US alliance posture that is now visibly incoherent rather than merely unreliable. UK domestic politics continues to fracture, with Andy Burnham stepping formally into position as Starmer’s likely successor. 1. What Changed Iran nuclear deal: May 31 deadline approaches with no deal in sightTalks between Washington and Tehran remain stuck on … Continue reading Morning Briefing — Friday, 22 May 2026 · 7:00 EST · ~1,280 words

AI, Risk

AI in financial services: regulators 2 years behind banks

Colin Henderson

This post is targeted at both banks and regulators (OSFI in Canada ). More specifically Agentic AI is the risk frame here. Agentic AI is defined here in banking context, goes exponentially beyond automation. Take mortgage sourcing. Banks have multiple and defined process for mortgages that sources, adjudicates, processes and funds. Each step is calibrated and defined and understood by regulators and those mortgages go on to be bundled and sold as tranches with known, defined risks. Where Agentic AI takes over the agent determines the best and most effective process to follow and will establish improvements which could bundle … Continue reading AI in financial services: regulators 2 years behind banks

AGI, AI, productivity, Progress, Risk

Parallel between Arendt ‘Human Condition’ and EU AI Act Digital Omnibus Act

Colin Henderson

The EU is facing serious challenges with their AI Act, and the reasons why are becoming evident and worth considering. My own interests in AI have been focussed on the opportunity to dramatically improve productivity in Banking through use of AI. This research has opened many doors for me, and some are beginning to come into better focus which improves my means to analyse the hurdles. My vision goes well beyond chatbots in terms of how AI will be ultimately integrated. I see two definitive potential tracks In this blog I have explored philosophy, poetry, research of academic papers, AI’s … Continue reading Parallel between Arendt ‘Human Condition’ and EU AI Act Digital Omnibus Act

crypto, Payments, productivity, Risk2 Comments

Compare USDC (Circle) vs USDT (Tether) in 2025

Colin Henderson

The battle is now on. The newest StableCoin USDC offered by Circle is regulated with clearly defined regularly audited reserve requirements. Tender which has been around 5 years longer offers a StableCoin USDT. The challenge lies in the difference between the StableCoins and no regulation exists to define a StableCoin. USDT has loosely defined reserves comprising third party off balance sheet items and which can be deemed worthless to a banker. USDC on the other had requires US $ cash with no obtuse excuses for apparent reserve matching. I did some research across sites using Perplexity (not Google) and. here … Continue reading Compare USDC (Circle) vs USDT (Tether) in 2025

Business Models, Infrastructure, Risk, Uncategorized

Operations and Operational Art and applicability to other business

Colin Henderson

THE UNITED STATES NAVAL WAR COLLEGE JOINT MILITARY OPERATIONS DEPARTMENT On Operations: Operational Art and Military Disciplines Kindle Edition by Brett Friedman (Author) Link is a primer for the book. On Operations and Operational Art – military terms which roughly equates to method and approach for Operations and for conducting Operations. If that explanation is fuzzy, that is because it is fuzzy. I am just working through the book and there are different approaches in Germany/ Prussia versus more recent US and UK. This post is simply to capture the beginning of what I am learning and of course how … Continue reading Operations and Operational Art and applicability to other business

Canada, Risk, US1 Comment

Financial Accountability Officer is an Officer of the Legistlative Assembly of Ontario

Colin Henderson

The Potential Impacts of US Tariffs on the Ontario Economy SummaryThis report examines Ontario’s trade relationship with the United States and estimates the potential impacts of US tariffs on Ontario’s exports, imports, GDP, employment and inflation.The United States is Ontario’s most important trading partnerThe US accounts for most of Ontario’s international trade, with 77 per cent of Ontario’s total goods exports and 60 per cent of the province’s total services exports. Imports of goods from the US accounted for 68 per cent of Ontario’s total goods imports, while services imports from the US were 63 per cent of total services … Continue reading Financial Accountability Officer is an Officer of the Legistlative Assembly of Ontario

Canada, Economy, Risk, Roam

Benjamin Tal economist CIBC – Canada -US trade future

Colin Henderson

Benjamin Tal, deputy chief economist at CIBC World Markets 10/04/25 Despite all the calls to diversify Canada’s trade, the country will end up more dependent on the United States once tariff negotiations have concluded, according to a well-known economist. “We are in the midst of a global trade war, and in a global trade war, like in the Cold War, you have to choose sides,” Benjamin Tal, deputy chief economist at CIBC World Markets, said. On Wednesday, U.S. President Donald Trump turned his global trade war into a faceoff with China after he announced a 90-day reprieve on higher reciprocal tariffs levied against other countries, but raised … Continue reading Benjamin Tal economist CIBC – Canada -US trade future