The summer is over in the Northern Hemisphere - and what an unusual summer has it been! Worldwide the implications and challenges of adjusting to a Covid-19 pandemic are still a major issue, affecting individuals, companies and governments. The pandemic underscores the serious challenges of risk management methodologies, not unlike the serious stresses exposed during the Great Financial Crisis.
If the GFC led us to formulate the Open Source Risk Modeling Manifesto, the present crisis is even more fundamental and far-reaching. It underscores how modern economies (and financial systems) have fundamental vulnerabilities that are routinely neglected even while they are real and present dangers. The shift into sustainable economies (and thus sustainable finance) will both have to accelerate and broaden in the coming years. We believe the mission of Open Risk is more than ever aligned with the required direction of travel.
Welcome back to the Academy to both old and new students! Check out some new features we have just released as part of the Back-to-School 2020 and do give us some feedback how to improve the Academy!