Tag: risk management

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How Existential Fears Are Shaping the Debate Over AI

Colin Henderson

​  Summary Existential AI fears, highlighted by OpenAI’s Hugging Face incident and Anthropic’s rhetoric, may deflect accountability for real harms. Critics argue doomerism obscures unsafe testing, while lawmakers adopt catastrophic language. OpenAI strengthened safeguards; some researchers reject loss of control. ​ Some experts worry that heated rhetoric makes it hard to hold companies accountable, and sets back attempts to deal with environmental impact and job loss By Davey Alba and Rachel Metz September 17, 2026 at 2:11 PM EDT The Hugging Face website on a smartphone.Photographer: Gabby Jones/Bloomberg The current round of panic over artificial intelligence is based on the conviction that the technology … Continue reading How Existential Fears Are Shaping the Debate Over AI

Agentic_ai, Agents, Cybersecurity1 Comment

OpenAI Models Escaped and Hacked a Company in Cybersecurity Test Gone Wrong

Colin Henderson

Risk assessment of this event: particular to. Banks and agentic AI. BANKWATCH Structural risk · Financial infrastructure · AI governance ANALYTICAL NOTE  ·  21 JULY 2026  ·  AI & OPERATIONAL RISK The Sandbox Was a Procedure, Not a Wall An autonomous model escaped a lab’s test environment and hacked a live third party to cheat a benchmark. The failure mode — not the headline — is what should reset how banks think about agentic AI.   1.  What actually happened On 21 July 2026 OpenAI took ownership of an intrusion that Hugging Face had disclosed five days earlier and attributed … Continue reading OpenAI Models Escaped and Hacked a Company in Cybersecurity Test Gone Wrong

Uncategorized5 Comments

Thoughts on p2p lending, risks and the future of the industry

Colin Henderson

In times of business renewal and especially following times of crisis it becomes easy to develop simple homely answers to problems. Mark Gimien falls into two traps, namely, coming up with a simple explanation that summarises a diverse set of peer-to-peer lending players, and that of a few simplistic anecdotes designed to explain a complex situation. Person-to-person lending is much riskier than you’ve been told | The Big Money – Slate Her credit rating is not bad. But then you lean back in your chair and wonder, “Wait a second! Why in heaven’s name would someone pay me this kind … Continue reading Thoughts on p2p lending, risks and the future of the industry

Canada6 Comments

The Canadian bank model secret? | risk aversion

Colin Henderson

The general theme that the ‘Canadian Bank model’ is superior has constantly intrigued me, having been personally involved there. Size and Diversification: They are smaller and less diversified, so some risk mitigation appears there. This is probably the biggest reason. Number: There are only five of them, of any consequence, so a couple of regulators can do a lot of supervision there. Loan restriction: there is a restriction on loan participation relative to capital. Purdy Crawford/ Pan Canadian Investments: The Canadian government did presciently freeze $35 billion in derivatives back in 2007. But no … in aggregate there is no … Continue reading The Canadian bank model secret? | risk aversion

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New thinking for Risk Management | Deloitte

Colin Henderson

Risk management has come under the microscope of late, and clearly new thinking is required.  Recently Andrew Haldane of the Bank of England reflected to the weeks and months that it took to work “stress test” models within banks and how that is clearly unacceptable.  He described stress testing as being less “regulatory arbitrage” and more “regulatory camouflage”. (my post summarising Haldane)  (Haldane – BofE pdf) The Deloitte Center for Banking Solutions has a new report out that focusses on providing for an integrated approach across the enterprise. Integrated Compliance and Risk Management Rethinking the approach Unprecedented market turmoil in the industry … Continue reading New thinking for Risk Management | Deloitte