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    Academy News

    List of Commonly Conflated Financial Terms

    by Ad Min -
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    In this blog post we discuss a number of financial terms whose precise meaning is frequently intentionally or unintentionally obscured. As a result those terms may, like a Rorschach Blot, mean different things to different people. Unlike this famous psychological test, ambiguity in weighty financial matters can have adverse consequences.


    A Rorschah Blot

    9 Things They Don't Tell You About Risk Management

    by Ad Min -
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    Risk management means different things to different people. In this post we explore some truths about professional risk management that highlight both the challenges it is facing as a discipline and the significant role it can play towards a sustainable future


    An illustration of risk accounting using future and past "cones" of events



    Google Summer of Code 2021 Project

    by Ad Min -
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    Summer is underway and for the Google Summer of Code 2021 season Open Risk is happy to join forces with the Hydra Ecosystem to mentor student projects exploring next generation API's. The project aims to guide students to build a hypermedia enabled REST service around standardized credit portfolio data. More specifically the project will build a REST service as backend for a hypothetical banking entity that collects and disseminates credit portfolio data conforming to an established public standard (the EBA NPL templates).

    A graphical representation of the NPL ontology


    You can read more about the motivation, objectives and check the status of the project  in the usual place.

    Connecting the Dots: Concentration, diversity, inequality and sparsity in economic networks

    by Ad Min -
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    In this second Open Risk White Paper on Connecting the Dots we examine various measures of concentration, diversity, inequality and sparsity in the context of economic systems represented as network (graph) structures.

    We adopt a stylized description of economies as property graphs and illustrate how relevant concepts can represented in this language. We explore in some detail data types representing economic network data and their statistical nature which is critical in their use in concentration analysis.

    We proceed to recast various known indexes drawn from distinct disciplines in a unified computational context.

    An economic network overlaid on a geographical map

    9 Ways Graphs Show Up in Data Science (Blog Post)

    by Ad Min -
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    A graph of graphs used in data science

    Graphs have a variety of distinct uses in data science. In this blog post we review various important graph types and sketch their linkages and relationships. The review provides an operational guide towards a better overall understanding of those powerful tools and potential uses in risk management



    Open Risk Academy 2021 User Feedback Survey

    by Ad Min -
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    Dear Academy users, a very short survey about your experience so far to help us improve the platform. It is anonymous and should only take a couple of minutes from your time!

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