Dear Academy users,

we are very pleased to launch a new platform to help knit the Open Risk community closer together:

It is called the Open Risk Commons and it is a Discourse based forum, a popular platform that used by thousands open source communities around the world.

The aim (and hope) is to bring together people who are interested / involved in Academy courses but also the Open Risk Manual, Open Source Risk Models and Tools, or any of our more recent initiatives around Open Risk Data and Sustainable Finance.

NB: The Commons is a separate platform, so your Academy credentials will not work (a new self-registration account is required).

Hope to see you all there and please share also with people you know who might be interested to join and invent the open future of risk management!

Philippos,

Open Risk

Object-oriented programming and techniques (OOP) such as using classes and inheritance are common in many application programming environments but alas don’t “travel well” outside computer memory. The potentially intricate relationships of objects (both the data they hold and the meaning and possible uses of the data) are not easy to transfer (except of-course by full replication of code and data). Hence when considering data science tasks and objectives that involving exchange of data, the transition from object hierarchies that live inside memory, to data structures that can be exchanged with another computer is not straightforward. In this new short course we explore how some popular programming languages, data formats, database API’s and web frameworks handle hierarchical classes.

Incidentally, we have also wrapped up the GSOC 2021 mentoring project and a blog post summarizes developments.

We have started exploring options for making the Open Risk Manual available offline.  In a new blog post we discuss the plans and what is currently implemented, while a repository will be collecting such resources. Currently there is a draft collection of entries about data privacy.

If you have any specific ideas or recommendations about offline strategies please let us know!

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.

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

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).

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