I was recommended Radical Candor by Kim Scott and I have found it to be a treasure trove of practical and invaluable leadership and management advice. After reading it, I felt compelled to share what I had learnt; the information was too rich to digest alone. Key insight behind Radical…

The Office of Comptroller of currency (OCC) released it’s annual report which provides the official status of the federal banking system to the Congress. For the general public, the report is a useful barometer of the banking industry and additionally provides the priorities and initiative’s of the agency (OCC) and…

Introduction: The dominoes continue to collapse in the crypto world. The failure of some big name crypto lenders shows that contagion risk is not confined to the physical world but also front and center in the digital world. Failed crypto bank, Celsius filed for chapter 11 bankruptcy in July and…

Introduction: OCC (Office of Comptroller of Currency) which supervises national banks and agencies of foreign banks in US released it’s semi-annual risk report last week. The report presents risks facing banks that “pose threats to the the safety and soundness of banks and their compliance with applicable laws and regulations”…

Summary: 2021 saw a huge increase in price and popularity of Non-Fungible Token (NFT) which followed the rise in cryptocurrencies and it was the year that NFT’s became mainstream with celebrity endorsements and even a mention in the Saturday Night Live show. This year, NFT’s have declined in price and…

The latest US jobs report released on Friday by Bureau of Labor Statistics (BLS) showed that the US economy is close to regaining all of the jobs lost due to the pandemic with unemployment at 3.6% compared to 3.5% at Feb 2020 . The underlying numbers such as the long…

Background: This year prior to starting the war on inflation, the Fed published a paper asking for comments on a Fed coin or a CDBC (Central Bank Digital Currency) to be issued by the Federal Reserve Bank in the US. This is a big deal and to quote the paper…

Stablecoins which are cryptocurrencies pegged to a fixed reference have become the main medium for trading of digital assets and NFT’s. The combined supply of stablecoins as of Sept 2021 was $130 billion; a 500% increase from a year ago. However the $49 billion meltdown of the algorithmic stablecoin Terra…

What are Grey Swans and Gray Rhino’s in the world of risk management? Before speaking about Grey Swans let me bring up their celebrity cousin, the Black Swan. Black Swans have been immortalized in risk management by Naseem Taleb’s classic book and are now part of the lexicon of the…