Open Risk
@openrisk.eu
Mostly about #OpenSource #SustainableFinance and #RiskManagement.
* Open Risk Manual: https://www.openriskmanual.org
* Open Risk Academy: https://www.openriskacademy.com
* Blog: https://www.openriskmanagement.com
* Code: https://github.com/open-risk
* Open Risk Manual: https://www.openriskmanual.org
* Open Risk Academy: https://www.openriskacademy.com
* Blog: https://www.openriskmanagement.com
* Code: https://github.com/open-risk
Pinned
Open Risk
@openrisk.eu
· 8d
Graphs can be used to express traditional double-entry accounting in a natural way and can be extended also in the direction of consistent economic-network accounts (quadruple-entry). In a new piece I explore the why and how.
#sustainablefinance
www.openriskmanagement.com/graphs_for_d...
#sustainablefinance
www.openriskmanagement.com/graphs_for_d...
Even if we ever had a real corruptometer (which we never did) it would have exploded by now, going off the scale 🚀
Guns, Germs and Steel as social collapse factors?
Nah, just the pervasive dissolving of the social bonds that keep societies together and enable them to solve problems.
Guns, Germs and Steel as social collapse factors?
Nah, just the pervasive dissolving of the social bonds that keep societies together and enable them to solve problems.
November 20, 2025 at 4:06 PM
Even if we ever had a real corruptometer (which we never did) it would have exploded by now, going off the scale 🚀
Guns, Germs and Steel as social collapse factors?
Nah, just the pervasive dissolving of the social bonds that keep societies together and enable them to solve problems.
Guns, Germs and Steel as social collapse factors?
Nah, just the pervasive dissolving of the social bonds that keep societies together and enable them to solve problems.
Reposted by Open Risk
“Open source has proven itself to be a winning strategy — not recently, but for decades.” — Adriana Groh, Sovereign Tech Agency CEO.
#EUSummit #DigitalSovereignty,
#EUSummit #DigitalSovereignty,
November 18, 2025 at 11:38 PM
“Open source has proven itself to be a winning strategy — not recently, but for decades.” — Adriana Groh, Sovereign Tech Agency CEO.
#EUSummit #DigitalSovereignty,
#EUSummit #DigitalSovereignty,
Thats not how the resilient, decentralized, internet was supposed to work 😆🤦
The vulnerability of excessive concentration risk is deadly serious.🤔
Something must be done about it before ever more critical aspects of life move "online".😨
#riskmanagement
The vulnerability of excessive concentration risk is deadly serious.🤔
Something must be done about it before ever more critical aspects of life move "online".😨
#riskmanagement
When you move a wiki behind #cloudflare to avoid being hammered by AI bots, only for cloudflare to fold itself 🤦
#cloudflaredown
#cloudflaredown
November 18, 2025 at 2:16 PM
Thats not how the resilient, decentralized, internet was supposed to work 😆🤦
The vulnerability of excessive concentration risk is deadly serious.🤔
Something must be done about it before ever more critical aspects of life move "online".😨
#riskmanagement
The vulnerability of excessive concentration risk is deadly serious.🤔
Something must be done about it before ever more critical aspects of life move "online".😨
#riskmanagement
"The Eloi live a banal life of ease ... while the Morlocks live underground, tending machinery and providing food, clothing, and inventory for the Eloi" ... "raising them like cattle to serve as their food supply".
H.G.Wells' 1895 dystopian novel: The Time Machine.
en.wikipedia.org/wiki/The_Tim...
H.G.Wells' 1895 dystopian novel: The Time Machine.
en.wikipedia.org/wiki/The_Tim...
The Time Machine - Wikipedia
en.wikipedia.org
November 17, 2025 at 9:01 PM
"The Eloi live a banal life of ease ... while the Morlocks live underground, tending machinery and providing food, clothing, and inventory for the Eloi" ... "raising them like cattle to serve as their food supply".
H.G.Wells' 1895 dystopian novel: The Time Machine.
en.wikipedia.org/wiki/The_Tim...
H.G.Wells' 1895 dystopian novel: The Time Machine.
en.wikipedia.org/wiki/The_Tim...
Reposted by Open Risk
Just 41% of major EU banks have published #CSRD transition plans, per @financewatch.bsky.social.
Of the 64 banks analysed, many disclosures are partial or incomplete writes @moriahcosta.bsky.social.
https://greencb.co/4p2kcQD
#ClimateDisclosure
Of the 64 banks analysed, many disclosures are partial or incomplete writes @moriahcosta.bsky.social.
https://greencb.co/4p2kcQD
#ClimateDisclosure
Many EU banks lack transition plans, study finds
Less than half of EU banks have published transition plans and many of those are not aligned with the Paris Agreement, a study from Finance Watch finds.
greencb.co
November 17, 2025 at 8:03 AM
Just 41% of major EU banks have published #CSRD transition plans, per @financewatch.bsky.social.
Of the 64 banks analysed, many disclosures are partial or incomplete writes @moriahcosta.bsky.social.
https://greencb.co/4p2kcQD
#ClimateDisclosure
Of the 64 banks analysed, many disclosures are partial or incomplete writes @moriahcosta.bsky.social.
https://greencb.co/4p2kcQD
#ClimateDisclosure
Digital tech is deeply intertwined with the #sustainability challenge, in both + and - ways
(-) public distracted by digital platforms and their incentives
(+) impact information easy to collect, process, disseminate
(-) reckless use (data centers etc.) a hazard in itself
(-) public distracted by digital platforms and their incentives
(+) impact information easy to collect, process, disseminate
(-) reckless use (data centers etc.) a hazard in itself
November 14, 2025 at 4:38 PM
Digital tech is deeply intertwined with the #sustainability challenge, in both + and - ways
(-) public distracted by digital platforms and their incentives
(+) impact information easy to collect, process, disseminate
(-) reckless use (data centers etc.) a hazard in itself
(-) public distracted by digital platforms and their incentives
(+) impact information easy to collect, process, disseminate
(-) reckless use (data centers etc.) a hazard in itself
Nope, blaming individuals for not understanding the tradeoffs and risks in specialized domains is fundamentally wrong.
Food, medicine, transport, gadgets, money... society cannot function without proper regulation.
The failure is political - and it is gross.
www.bloomberg.com/news/article...
Food, medicine, transport, gadgets, money... society cannot function without proper regulation.
The failure is political - and it is gross.
www.bloomberg.com/news/article...
Big Tech’s Dominance Depends on Our Laziness
Facebook, Google, Amazon and other platforms have invested heavily in creating convenience cocoons that make switching to competitors feel like too much of a heavy lift.
www.bloomberg.com
November 14, 2025 at 1:14 PM
Nope, blaming individuals for not understanding the tradeoffs and risks in specialized domains is fundamentally wrong.
Food, medicine, transport, gadgets, money... society cannot function without proper regulation.
The failure is political - and it is gross.
www.bloomberg.com/news/article...
Food, medicine, transport, gadgets, money... society cannot function without proper regulation.
The failure is political - and it is gross.
www.bloomberg.com/news/article...
Reposted by Open Risk
Graphs can be used to express traditional double-entry accounting in a natural way and can be extended also in the direction of consistent economic-network accounts (quadruple-entry). In a new piece I explore the why and how.
#sustainablefinance
www.openriskmanagement.com/graphs_for_d...
#sustainablefinance
www.openriskmanagement.com/graphs_for_d...
November 12, 2025 at 3:11 PM
Graphs can be used to express traditional double-entry accounting in a natural way and can be extended also in the direction of consistent economic-network accounts (quadruple-entry). In a new piece I explore the why and how.
#sustainablefinance
www.openriskmanagement.com/graphs_for_d...
#sustainablefinance
www.openriskmanagement.com/graphs_for_d...
The 2025 annual report of the International Platform on #SustainableFinance (IPSF)
finance.ec.europa.eu/publications...
finance.ec.europa.eu/publications...
International Platform on Sustainable Finance - 2025 key deliverables including annual report
In its sixth year, the IPSF published and presented the following reports detailing its activities.
finance.ec.europa.eu
November 14, 2025 at 11:04 AM
The 2025 annual report of the International Platform on #SustainableFinance (IPSF)
finance.ec.europa.eu/publications...
finance.ec.europa.eu/publications...
Reposted by Open Risk
A new joint platform launched at #COP30 brings together NGFS and the CFMCA to strengthen collaboration between central banks & finance ministries on managing #ClimateRisks and accelerating the transition. 🌍
Central bankers team up with finance ministers to mitigate climate risk
New initiative aims to share tools and scenarios to support orderly energy transition.
greencb.co
November 14, 2025 at 8:02 AM
A new joint platform launched at #COP30 brings together NGFS and the CFMCA to strengthen collaboration between central banks & finance ministries on managing #ClimateRisks and accelerating the transition. 🌍
A Framework for Identifying Digital Public Goods for Climate Action
#opensource
#sustainablefinance
www.digitalpublicgoods.net/blog/catalys...
#opensource
#sustainablefinance
www.digitalpublicgoods.net/blog/catalys...
Digital Public Goods
Unlocking the potential of open-source technologies for a more equitable world.
www.digitalpublicgoods.net
November 13, 2025 at 6:13 PM
A Framework for Identifying Digital Public Goods for Climate Action
#opensource
#sustainablefinance
www.digitalpublicgoods.net/blog/catalys...
#opensource
#sustainablefinance
www.digitalpublicgoods.net/blog/catalys...
Reposted by Open Risk
Just 41% of major EU banks have published #CSRD transition plans, per @financewatch.bsky.social.
Of the 64 banks analysed, many disclosures are partial or incomplete writes @moriahcosta.bsky.social.
https://greencb.co/4p2kcQD
#ClimateDisclosure
Of the 64 banks analysed, many disclosures are partial or incomplete writes @moriahcosta.bsky.social.
https://greencb.co/4p2kcQD
#ClimateDisclosure
Many EU banks lack transition plans, study finds
Less than half of EU banks have published transition plans and many of those are not aligned with the Paris Agreement, a study from Finance Watch finds.
greencb.co
November 13, 2025 at 3:04 PM
Just 41% of major EU banks have published #CSRD transition plans, per @financewatch.bsky.social.
Of the 64 banks analysed, many disclosures are partial or incomplete writes @moriahcosta.bsky.social.
https://greencb.co/4p2kcQD
#ClimateDisclosure
Of the 64 banks analysed, many disclosures are partial or incomplete writes @moriahcosta.bsky.social.
https://greencb.co/4p2kcQD
#ClimateDisclosure
"it is not really a matter of optimism; the continued involvement of the financial sector is a necessity. This is why climate finance is not another fad that will pass, to be replaced by the next fad. It is here to stay, can only grow because it must"
#sustainablefinance
www.rsm.nl/discovery/20...
#sustainablefinance
www.rsm.nl/discovery/20...
No Climate Solution Without the Financial Sector, Says Expert
Prof. Patrick Bolton discusses how the financial sector is essential for climate action. Learn why sustainable finance is a necessity, not a fad, for achieving net zero.
www.rsm.nl
November 13, 2025 at 1:33 PM
"it is not really a matter of optimism; the continued involvement of the financial sector is a necessity. This is why climate finance is not another fad that will pass, to be replaced by the next fad. It is here to stay, can only grow because it must"
#sustainablefinance
www.rsm.nl/discovery/20...
#sustainablefinance
www.rsm.nl/discovery/20...
Graphs can be used to express traditional double-entry accounting in a natural way and can be extended also in the direction of consistent economic-network accounts (quadruple-entry). In a new piece I explore the why and how.
#sustainablefinance
www.openriskmanagement.com/graphs_for_d...
#sustainablefinance
www.openriskmanagement.com/graphs_for_d...
November 12, 2025 at 3:11 PM
Graphs can be used to express traditional double-entry accounting in a natural way and can be extended also in the direction of consistent economic-network accounts (quadruple-entry). In a new piece I explore the why and how.
#sustainablefinance
www.openriskmanagement.com/graphs_for_d...
#sustainablefinance
www.openriskmanagement.com/graphs_for_d...
"renewables grow faster than any other major energy source in all scenarios, led by solar photovoltaics" - International Energy Agency, 2025 outlook report
#sustainablefinance
www.iea.org/reports/worl...
#sustainablefinance
www.iea.org/reports/worl...
Executive summary – World Energy Outlook 2025 – Analysis - IEA
World Energy Outlook 2025 - Analysis and key findings. A report by the International Energy Agency.
www.iea.org
November 12, 2025 at 8:43 AM
"renewables grow faster than any other major energy source in all scenarios, led by solar photovoltaics" - International Energy Agency, 2025 outlook report
#sustainablefinance
www.iea.org/reports/worl...
#sustainablefinance
www.iea.org/reports/worl...
Reposted by Open Risk
How to spot scams: Signal will never message you and ask for your verification code or password. And they won't ask for your bank info either!
RTFT
RTFT
PSA: tips to protect yourself from scams on Signal.
Every major comms platform has to contend w phishing, impersonation, & scams. Sadly.
Signal is major, and as we've grown we've heard about more of these attacks--scammy people pretending to be something or someone to trick and abuse others. 1/
Every major comms platform has to contend w phishing, impersonation, & scams. Sadly.
Signal is major, and as we've grown we've heard about more of these attacks--scammy people pretending to be something or someone to trick and abuse others. 1/
November 11, 2025 at 6:48 PM
How to spot scams: Signal will never message you and ask for your verification code or password. And they won't ask for your bank info either!
RTFT
RTFT
"It’s bad enough for individuals, worse for organizations, and worst of all for state organizations with the strongest legal imperative to protect citizens’ data"
But why is #opensource, for decades the obvious escape hatch, still a niche rather than the norm?
www.theregister.com/2025/11/10/t...
But why is #opensource, for decades the obvious escape hatch, still a niche rather than the norm?
www.theregister.com/2025/11/10/t...
Tech's Control Grab Fuels Flight to Open Source
Opinion: AI slop, Trump tantrums, and zero humans answering phones
www.theregister.com
November 11, 2025 at 9:12 AM
"It’s bad enough for individuals, worse for organizations, and worst of all for state organizations with the strongest legal imperative to protect citizens’ data"
But why is #opensource, for decades the obvious escape hatch, still a niche rather than the norm?
www.theregister.com/2025/11/10/t...
But why is #opensource, for decades the obvious escape hatch, still a niche rather than the norm?
www.theregister.com/2025/11/10/t...
Reposted by Open Risk
The EU’s Digital Omnibus could roll back key parts of the GDPR, AI Act, and ePrivacy rules — laws that set global standards for privacy and AI. Leaked drafts suggest companies could get more leeway on data use and slower enforcement, reports Ramsha Jahangir (@ramshajahangir.bsky.social):
EU Set the Global Standard on Privacy and AI. Now It’s Pulling Back | TechPolicy.Press
The draft Digital Omnibus could weaken core data protections and give tech companies more leeway in using European data, reports Ramsha Jahangir.
www.techpolicy.press
November 10, 2025 at 4:04 PM
The EU’s Digital Omnibus could roll back key parts of the GDPR, AI Act, and ePrivacy rules — laws that set global standards for privacy and AI. Leaked drafts suggest companies could get more leeway on data use and slower enforcement, reports Ramsha Jahangir (@ramshajahangir.bsky.social):
Reposted by Open Risk
In which i compliment the Pandas, Dask/Spark, and Arrow communities a lot! And suggest we're missing something that is already here :)
(Summary of my talk at Pydata!)
www.distributedthoughts.org/from-pandas-...
(Summary of my talk at Pydata!)
www.distributedthoughts.org/from-pandas-...
From Pandas to Upstream Control: The Evolution PyData Needs Next
The Python data stack gave us Pandas, Dask, and Arrow. But we've created a new crisis: the ingest-it-all-first tax that's drowning us in noise.
Last Friday at PyData Seattle 2025, I gave a talk calle...
www.distributedthoughts.org
November 10, 2025 at 7:36 PM
In which i compliment the Pandas, Dask/Spark, and Arrow communities a lot! And suggest we're missing something that is already here :)
(Summary of my talk at Pydata!)
www.distributedthoughts.org/from-pandas-...
(Summary of my talk at Pydata!)
www.distributedthoughts.org/from-pandas-...
"It’s easier to put your hand in the next guy’s pocket if he’s (digitally) illiterate"
The catch is that the illiterate's pocket will stop being filled at some point. Collapse is almost a mathematical certainty for an economy based on engineering and exploiting the idiocy of its own constituents.
The catch is that the illiterate's pocket will stop being filled at some point. Collapse is almost a mathematical certainty for an economy based on engineering and exploiting the idiocy of its own constituents.
“The elites are ecstatic about imagining a vast, uneducated, and unproductive population forced to pay companies like OpenAI to access the written word and to approximate thought.”
Must read piece by Noah McCormack with too many quotaboe lines to select one! thebaffler.com/salvos/we-us...
Must read piece by Noah McCormack with too many quotaboe lines to select one! thebaffler.com/salvos/we-us...
We Used to Read Things in This Country | Noah McCormack
Technology changes us—and it is currently changing us for the worse.
thebaffler.com
November 9, 2025 at 9:39 AM
"It’s easier to put your hand in the next guy’s pocket if he’s (digitally) illiterate"
The catch is that the illiterate's pocket will stop being filled at some point. Collapse is almost a mathematical certainty for an economy based on engineering and exploiting the idiocy of its own constituents.
The catch is that the illiterate's pocket will stop being filled at some point. Collapse is almost a mathematical certainty for an economy based on engineering and exploiting the idiocy of its own constituents.
Ignoring the business models that funded (and continued to shape) the development of digital society is a profound mistake. Munger said "show me the incentive and I'll show you the outcome". Surveillance adtech, regulatory arbitrage etc. is the rotten foundation.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
The Men Who Shaped the Internet Won’t Be Able to Fix It
Tim Berners-Lee dreamed of a World Wide Web for everyone. Nick Clegg and Meta had different ideas. In new books, both ignore how profit undermined the internet.
www.bloomberg.com
November 9, 2025 at 9:06 AM
Ignoring the business models that funded (and continued to shape) the development of digital society is a profound mistake. Munger said "show me the incentive and I'll show you the outcome". Surveillance adtech, regulatory arbitrage etc. is the rotten foundation.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Musk-sized bonuses suddenly create a linguistic crisis. How do you call numbers with gazillion zeros? 😆 There are two conventions and they don't mix well. See e.g. in Dutch:
million - miljoen
billion - miljard
trillion - biljoen
quadrillion - quadriljoen? biljiard?
en.wikipedia.org/wiki/Names_o...
million - miljoen
billion - miljard
trillion - biljoen
quadrillion - quadriljoen? biljiard?
en.wikipedia.org/wiki/Names_o...
Names of large numbers - Wikipedia
en.wikipedia.org
November 7, 2025 at 3:19 PM
Musk-sized bonuses suddenly create a linguistic crisis. How do you call numbers with gazillion zeros? 😆 There are two conventions and they don't mix well. See e.g. in Dutch:
million - miljoen
billion - miljard
trillion - biljoen
quadrillion - quadriljoen? biljiard?
en.wikipedia.org/wiki/Names_o...
million - miljoen
billion - miljard
trillion - biljoen
quadrillion - quadriljoen? biljiard?
en.wikipedia.org/wiki/Names_o...
Financial bubbles don't just pop. Most everybody involved has an incentive for the "number" to keep going up. When the inevitable eventually happens its a complex (and ever changing) combination of superficial triggers and deeper pathologies that are, ex-post, ooh so easy to spot.
#riskmanagement
#riskmanagement
November 7, 2025 at 9:54 AM
Financial bubbles don't just pop. Most everybody involved has an incentive for the "number" to keep going up. When the inevitable eventually happens its a complex (and ever changing) combination of superficial triggers and deeper pathologies that are, ex-post, ooh so easy to spot.
#riskmanagement
#riskmanagement
Here is another hedging idea: "Collateralized Datacenter Obligations"
Works as follows: collect a diversified portfolio of datacenters. Pay a rating agency to develop an innovative methodology. Shift the risk to European and other investors "eager to get AAA-I exposure" 🤣
You're welcome.
#econsky
Works as follows: collect a diversified portfolio of datacenters. Pay a rating agency to develop an innovative methodology. Shift the risk to European and other investors "eager to get AAA-I exposure" 🤣
You're welcome.
#econsky
"Deutsche Bank is exploring ways to hedge its exposure to data centres after extending billions of dollars in debt to the sector to keep up with demand for artificial intelligence and cloud computing."
Deutsche Bank explores hedges for data centre exposure as AI lending booms
Executives discussing options including shorting basket of artificial intelligence stocks or using derivatives to transfer risk
www.ft.com
November 5, 2025 at 12:46 PM
Here is another hedging idea: "Collateralized Datacenter Obligations"
Works as follows: collect a diversified portfolio of datacenters. Pay a rating agency to develop an innovative methodology. Shift the risk to European and other investors "eager to get AAA-I exposure" 🤣
You're welcome.
#econsky
Works as follows: collect a diversified portfolio of datacenters. Pay a rating agency to develop an innovative methodology. Shift the risk to European and other investors "eager to get AAA-I exposure" 🤣
You're welcome.
#econsky