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
· 25d
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...
Risk is no longer what it used to be 😅
Like many premature optimisations during the long, stable pax Americana period (including the design of our entire digital systems), many detailed concepts and practices of the art and science of #riskmanagement relied on a global order that is now crumbling.
Like many premature optimisations during the long, stable pax Americana period (including the design of our entire digital systems), many detailed concepts and practices of the art and science of #riskmanagement relied on a global order that is now crumbling.
Wesleyan mini-conference on Risk, Uncertainty & The State
December 7, 2025 at 9:41 AM
Risk is no longer what it used to be 😅
Like many premature optimisations during the long, stable pax Americana period (including the design of our entire digital systems), many detailed concepts and practices of the art and science of #riskmanagement relied on a global order that is now crumbling.
Like many premature optimisations during the long, stable pax Americana period (including the design of our entire digital systems), many detailed concepts and practices of the art and science of #riskmanagement relied on a global order that is now crumbling.
Reposted by Open Risk
thinking about design patterns and data stores for indexing billions of AT records
Big Indexing
bnewbold.leaflet.pub
December 6, 2025 at 10:48 PM
thinking about design patterns and data stores for indexing billions of AT records
Reposted by Open Risk
Confirmed: Another big jump in atmospheric CO2, (still) measured at Mauna Loa: the November average was ~426.5 ppm, that's 2.6 ppm higher than last year!
December 6, 2025 at 9:06 PM
Confirmed: Another big jump in atmospheric CO2, (still) measured at Mauna Loa: the November average was ~426.5 ppm, that's 2.6 ppm higher than last year!
This is why the European Union successes and failures are of importance far beyond Europe's borders.
In its (in)ability to secure collective welfare while uniting diverse people's interests it is a scaled down version of the much bigger planetary puzzle.
In its (in)ability to secure collective welfare while uniting diverse people's interests it is a scaled down version of the much bigger planetary puzzle.
"This is the last chance for Western countries to convince the rest of the world that they are capable of dialogue rather than monologue, consistency rather than double standards, and cooperation rather than domination."
Finland's Alexander Stubb in:
www.foreignaffairs.com/united-state...
Finland's Alexander Stubb in:
www.foreignaffairs.com/united-state...
December 6, 2025 at 12:25 PM
This is why the European Union successes and failures are of importance far beyond Europe's borders.
In its (in)ability to secure collective welfare while uniting diverse people's interests it is a scaled down version of the much bigger planetary puzzle.
In its (in)ability to secure collective welfare while uniting diverse people's interests it is a scaled down version of the much bigger planetary puzzle.
Reposted by Open Risk
There are a number of academic databases that most libraries subscribe to that are completely independent from major corporations. In linguistics, LLBA is fantastic. Other fields have their own. The curation of these is so much better than Google. I recommend more people re-learn library skills.
December 5, 2025 at 8:32 PM
There are a number of academic databases that most libraries subscribe to that are completely independent from major corporations. In linguistics, LLBA is fantastic. Other fields have their own. The curation of these is so much better than Google. I recommend more people re-learn library skills.
Reposted by Open Risk
@annpettifor.bsky.social at the #FinanceForSociety Forum:
"To the detriment of the rest of us and while the casino operates in another sphere altogether, it remains tethered to the real 'bailout economy' we live and work in: our pensions, cost-of-living, housing and our climate."
"To the detriment of the rest of us and while the casino operates in another sphere altogether, it remains tethered to the real 'bailout economy' we live and work in: our pensions, cost-of-living, housing and our climate."
@annpettifor.bsky.social touches on the hype and marketing behind the #AI bubble at the #FinanceForSociety Forum:
"The AGI bubble may just be a vast techno-dystopian power play to put tech bosses at the helm of political and economic control. This is class war at its most brutal."
"The AGI bubble may just be a vast techno-dystopian power play to put tech bosses at the helm of political and economic control. This is class war at its most brutal."
📣 LIVE NOW! @annpettifor.bsky.social speaks along with Greg Ford from Finance Watch at the #FinanceforSociety Forum in Brussels on challenging the global casino by building economic and climate justice.
Watch here 👇
Watch here 👇
December 4, 2025 at 1:41 PM
@annpettifor.bsky.social at the #FinanceForSociety Forum:
"To the detriment of the rest of us and while the casino operates in another sphere altogether, it remains tethered to the real 'bailout economy' we live and work in: our pensions, cost-of-living, housing and our climate."
"To the detriment of the rest of us and while the casino operates in another sphere altogether, it remains tethered to the real 'bailout economy' we live and work in: our pensions, cost-of-living, housing and our climate."
Please remember: these are not "tech monopolies". They are conglomerates commingling diverse business models (adtech, e-commerce, hardware, software services etc.), harboring vast conflicts of interest.
These entities should not be allowed to exist, let alone determine what all education looks like
These entities should not be allowed to exist, let alone determine what all education looks like
> The colonisation of educational institutions and universities by technology monopolies [..] therefore has nothing to do with promoting learning. The aim of technology companies is to extract value from services and data, replacing the original purpose of public education with corporate objectives.
Who are the machines that write probable sentences for?
For Big Tech, de-skilling and dependency are intertwined objectives: users who have become incapable of even basic writing and arithmetic will be hostages to proprietary computer systems.
@olivia.science
zenodo.org/records/1781...
For Big Tech, de-skilling and dependency are intertwined objectives: users who have become incapable of even basic writing and arithmetic will be hostages to proprietary computer systems.
@olivia.science
zenodo.org/records/1781...
December 4, 2025 at 2:19 PM
Please remember: these are not "tech monopolies". They are conglomerates commingling diverse business models (adtech, e-commerce, hardware, software services etc.), harboring vast conflicts of interest.
These entities should not be allowed to exist, let alone determine what all education looks like
These entities should not be allowed to exist, let alone determine what all education looks like
Reposted by Open Risk
✨ #NeurIPS2025 paper: Scalable Feature Learning on Huge Knowledge Graphs for Downstream Machine Learning
Combining contrastive learning and message passing markedly improves features created from embedding graphs, scalable to huge graphs.
It taught us a lot on graph feature learning 👇
1/10
Combining contrastive learning and message passing markedly improves features created from embedding graphs, scalable to huge graphs.
It taught us a lot on graph feature learning 👇
1/10
November 28, 2025 at 3:46 PM
✨ #NeurIPS2025 paper: Scalable Feature Learning on Huge Knowledge Graphs for Downstream Machine Learning
Combining contrastive learning and message passing markedly improves features created from embedding graphs, scalable to huge graphs.
It taught us a lot on graph feature learning 👇
1/10
Combining contrastive learning and message passing markedly improves features created from embedding graphs, scalable to huge graphs.
It taught us a lot on graph feature learning 👇
1/10
Reposted by Open Risk
Trump announces repeal of Biden-era fuel efficiency rules, rolling back standards for millions of cars and trucks. 🚗💨
A major blow to efforts to cut emissions from the US’s largest source of greenhouse gases: transportation 🌍
A major blow to efforts to cut emissions from the US’s largest source of greenhouse gases: transportation 🌍
Trump says he will repeal Biden-era fuel efficiency standards for cars and trucks
Move marks president’s latest effort to dismantle pollution regulations and support for cleaner-running vehicles
www.theguardian.com
December 4, 2025 at 9:31 AM
Trump announces repeal of Biden-era fuel efficiency rules, rolling back standards for millions of cars and trucks. 🚗💨
A major blow to efforts to cut emissions from the US’s largest source of greenhouse gases: transportation 🌍
A major blow to efforts to cut emissions from the US’s largest source of greenhouse gases: transportation 🌍
Reposted by Open Risk
Hugely depressing - Drax burning record amounts of wood, according to www.theguardian.com/business/202... . All because of generous subsidies paid via every UK resident's electricity bills. Massive harm to forests, esp. in southeastern US and western Canada. #BigBadBiomass #AxeDrax
UK using more wood to make electricity than ever, Drax figures show
Giant biomass plant reveals burning of wood pellets made 9% of UK’s electricity in July, its largest ever monthly share
www.theguardian.com
December 4, 2025 at 9:38 AM
Hugely depressing - Drax burning record amounts of wood, according to www.theguardian.com/business/202... . All because of generous subsidies paid via every UK resident's electricity bills. Massive harm to forests, esp. in southeastern US and western Canada. #BigBadBiomass #AxeDrax
'Financialise everything' is not a new stance. The pre-financial crisis boom in derivatives trading was from the same ideological stable but it burst before reaching 'retail'.
Add the embracing of the crypto charade and finance is drifting ever more into disrepute, undermining its very foundations
Add the embracing of the crypto charade and finance is drifting ever more into disrepute, undermining its very foundations
The co-founder of Kalshi says: " The long-term vision is to financialize everything and create a tradable asset out of any difference in opinion."
December 4, 2025 at 9:02 AM
'Financialise everything' is not a new stance. The pre-financial crisis boom in derivatives trading was from the same ideological stable but it burst before reaching 'retail'.
Add the embracing of the crypto charade and finance is drifting ever more into disrepute, undermining its very foundations
Add the embracing of the crypto charade and finance is drifting ever more into disrepute, undermining its very foundations
Reposted by Open Risk
🇪🇺 “Climate risk is a permanent shock heading in one direction only, with serious long-term effects on house prices and other asset values,” says the @ecb.europa.eu in its supervisory priorities for the next three years.
Global risk of shocks is unprecedentedly high, warns ECB
European Central Bank says banks must be vigilant as geopolitics, climate, demographics and technology exacerbate structural economic problems.
greencb.co
December 3, 2025 at 5:04 PM
🇪🇺 “Climate risk is a permanent shock heading in one direction only, with serious long-term effects on house prices and other asset values,” says the @ecb.europa.eu in its supervisory priorities for the next three years.
The old "game" is over 💥. This era feels so absurd because it is actually brain-dead (🧠💀): We live through the dying spasms of social adaptations, worldviews, behaviors that are no longer viable, but keep going on reflex autopilots 🤖
A new "game" will be born 🌱- because it must.
But it *is* messy🌀
A new "game" will be born 🌱- because it must.
But it *is* messy🌀
The biggest shell game of our lives and recent planetary history is that we can somehow find peace, sufficiency, and balance with the living complex system that is Earth via an algorithm that produces so-called profit for a few by degrading the many and the complexity of that living system.
December 3, 2025 at 2:59 PM
The old "game" is over 💥. This era feels so absurd because it is actually brain-dead (🧠💀): We live through the dying spasms of social adaptations, worldviews, behaviors that are no longer viable, but keep going on reflex autopilots 🤖
A new "game" will be born 🌱- because it must.
But it *is* messy🌀
A new "game" will be born 🌱- because it must.
But it *is* messy🌀
Python, C++ or maybe awk? When problem solving, "the right tool for the right job" is the winning rule.
For diverse tasks in #riskmanagement and #sustainablefinance technical skill is key.
The Open Risk Academy collection of courses is the #opensource way of learning.
github.com/Open-Risk-Ac...
For diverse tasks in #riskmanagement and #sustainablefinance technical skill is key.
The Open Risk Academy collection of courses is the #opensource way of learning.
github.com/Open-Risk-Ac...
December 3, 2025 at 11:46 AM
Python, C++ or maybe awk? When problem solving, "the right tool for the right job" is the winning rule.
For diverse tasks in #riskmanagement and #sustainablefinance technical skill is key.
The Open Risk Academy collection of courses is the #opensource way of learning.
github.com/Open-Risk-Ac...
For diverse tasks in #riskmanagement and #sustainablefinance technical skill is key.
The Open Risk Academy collection of courses is the #opensource way of learning.
github.com/Open-Risk-Ac...
GitHub is to Git what Linkedin is to running your own website (including these platforms being owned by the same entity 🤦) but it is cool if more disciplines adopt the transparency and collaborative ethos of #opensource
Who knows, one day this may even turn economics into a less dismall science 🤣
Who knows, one day this may even turn economics into a less dismall science 🤣
Why Every Economics Student Should Be Using GitHub econ-jobs.com/media/why-ev...
Why Every Economics Student Should Be Using GitHub | Econ-Jobs | Economics jobs and career opportunities for economists
Short answer: because economics is now a code-and-data discipline. Journals, supervisors, and employers expect clean, reproducible workflows—and nothing showcases that better than a well-organized Git...
econ-jobs.com
December 2, 2025 at 8:33 AM
GitHub is to Git what Linkedin is to running your own website (including these platforms being owned by the same entity 🤦) but it is cool if more disciplines adopt the transparency and collaborative ethos of #opensource
Who knows, one day this may even turn economics into a less dismall science 🤣
Who knows, one day this may even turn economics into a less dismall science 🤣
Reposted by Open Risk
The Fabulous History of Money is a great new documentary series by #arte. From cowrie shells to banknotes and crypto, tracing the story of this most consequential of social inventions, as poorly understood as it is ubiquitous.
#financialliteracy
#sustainablefinance
www.arte.tv/en/videos/RC...
#financialliteracy
#sustainablefinance
www.arte.tv/en/videos/RC...
The Fabulous History of Money - History | ARTE in English
Gold, silver, bronze or paper: money tells the story of 2,700 years of human history. An essential tool for trade and a symbol of power, it fuelled the expansion of empires and changed the course of c...
www.arte.tv
December 1, 2025 at 1:28 PM
The Fabulous History of Money is a great new documentary series by #arte. From cowrie shells to banknotes and crypto, tracing the story of this most consequential of social inventions, as poorly understood as it is ubiquitous.
#financialliteracy
#sustainablefinance
www.arte.tv/en/videos/RC...
#financialliteracy
#sustainablefinance
www.arte.tv/en/videos/RC...
"real estate agents complained [Climate Risk Scores] hurt sales"
In the end this is what makes the journey towards #sustainability so much more complicated: vested interests have strong financial incentives (and the market power) to hide real risks.
In the end this is what makes the journey towards #sustainability so much more complicated: vested interests have strong financial incentives (and the market power) to hide real risks.
Zillow Removes Climate Risk Scores From Home Listings www.nytimes.com/2025/11/30/c...
The better to screw you.
The better to screw you.
Zillow Removes Climate Risk Scores From Home Listings
www.nytimes.com
November 30, 2025 at 1:17 PM
"real estate agents complained [Climate Risk Scores] hurt sales"
In the end this is what makes the journey towards #sustainability so much more complicated: vested interests have strong financial incentives (and the market power) to hide real risks.
In the end this is what makes the journey towards #sustainability so much more complicated: vested interests have strong financial incentives (and the market power) to hide real risks.
#sustainablefinance is not about red tape and woke vibes. Its about having a financial-economic system that is honest, transparent, anchored in reality.
Its a new information architecture that needs to be invented, built and iterated on. Europe has the lead and it will be a self-goal to abandon it.
Its a new information architecture that needs to be invented, built and iterated on. Europe has the lead and it will be a self-goal to abandon it.
If we want to create wealth & ensure a clean, just and competitive transition we need informed strategic & investments board decisions.It’s good to count on common european standards. #SustainableFinance reporting, due dilligence & transition plans
My oped in @financialtimes.com
on.ft.com/48ChID8
My oped in @financialtimes.com
on.ft.com/48ChID8
Europe must be a rulemaker, not a rule-taker
Outsourcing EU environmental and economic strategy would be an act of self-harm
on.ft.com
November 29, 2025 at 5:51 PM
#sustainablefinance is not about red tape and woke vibes. Its about having a financial-economic system that is honest, transparent, anchored in reality.
Its a new information architecture that needs to be invented, built and iterated on. Europe has the lead and it will be a self-goal to abandon it.
Its a new information architecture that needs to be invented, built and iterated on. Europe has the lead and it will be a self-goal to abandon it.
Reposted by Open Risk
I've been wondering for years how the majority of not-totally-cynical adtech practitioners justify their role in the daily amassing of extremely invasive data on the lives of millions. But what's truly beyond my understanding are those who knowingly help sell the data for non-marketing surveillance.
November 27, 2025 at 3:39 PM
I've been wondering for years how the majority of not-totally-cynical adtech practitioners justify their role in the daily amassing of extremely invasive data on the lives of millions. But what's truly beyond my understanding are those who knowingly help sell the data for non-marketing surveillance.
Required reading/listening for anybody who cares about the state and quality of digital life (which actually should be everybody, especially our dearest political leaders 🙄).
Deep dives into understanding first causes that got us here, as a precondition to ideating escape routes from dystopia.
Deep dives into understanding first causes that got us here, as a precondition to ideating escape routes from dystopia.
#Escape_Forward Thanksgiving talk with the one and only Cory Doctorow 🧨
Pathologies of #Enshittification, how we got here, what it would take to cure it.
…a v different prognosis on the role of antitrust & regulation: Cory remains an optimist, for me the sooner we get off that monorail the better
Pathologies of #Enshittification, how we got here, what it would take to cure it.
…a v different prognosis on the role of antitrust & regulation: Cory remains an optimist, for me the sooner we get off that monorail the better
November 28, 2025 at 9:10 AM
Required reading/listening for anybody who cares about the state and quality of digital life (which actually should be everybody, especially our dearest political leaders 🙄).
Deep dives into understanding first causes that got us here, as a precondition to ideating escape routes from dystopia.
Deep dives into understanding first causes that got us here, as a precondition to ideating escape routes from dystopia.
Reposted by Open Risk
Link here escape-forward.com/2025/11/27/e...
Enshittification of our digital experience: the pathology is clear, but is there a cure?
𝗖𝗼𝗿𝘆 𝗗𝗼𝗰𝘁𝗼𝗿𝗼𝘄 (the “Renaissance man” author and activist) has a 𝗻𝗲𝘄 𝗯𝗼𝗼𝗸 on “𝗘𝗻𝘀𝗵𝗶𝘁𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻” 𝗼𝗳 𝗼𝘂𝗿 𝗼𝗻𝗹𝗶𝗻𝗲 𝗲𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲. We discuss the 𝗺𝗲𝗰𝗵𝗮𝗻𝗶𝘀𝗺𝘀 𝗮𝗻𝗱 𝗽𝗮𝘁𝗵𝗼𝗹𝗼𝗴𝗶𝗲𝘀, but above all: 𝗶𝘀 𝘁𝗵𝗲…
escape-forward.com
November 27, 2025 at 4:27 PM
Link here escape-forward.com/2025/11/27/e...
Comparing the market capitalization of bigtech with a large(ish) country's GDP is now a popular sport.
While not strictly correct (one would have to "capitalize" GDP) it points to the remarkable, possibly unprecendented, concentration of power and wealth
Normal state or outlier?
#riskmanagement
While not strictly correct (one would have to "capitalize" GDP) it points to the remarkable, possibly unprecendented, concentration of power and wealth
Normal state or outlier?
#riskmanagement
November 27, 2025 at 9:42 AM
Comparing the market capitalization of bigtech with a large(ish) country's GDP is now a popular sport.
While not strictly correct (one would have to "capitalize" GDP) it points to the remarkable, possibly unprecendented, concentration of power and wealth
Normal state or outlier?
#riskmanagement
While not strictly correct (one would have to "capitalize" GDP) it points to the remarkable, possibly unprecendented, concentration of power and wealth
Normal state or outlier?
#riskmanagement
Trees shaped this planet. We have been undoing their work since forever (deforestation is as old as the first cities and ships) but we'll not solve the #sustainability puzzle without reaching a balance of shared existence.
🌳 Be Kind to the trees, they're busy saving the world..
#tree #trees #sustainability #oxygen #sustainable #forest #woodland 🌍
#tree #trees #sustainability #oxygen #sustainable #forest #woodland 🌍
November 27, 2025 at 8:31 AM
Trees shaped this planet. We have been undoing their work since forever (deforestation is as old as the first cities and ships) but we'll not solve the #sustainability puzzle without reaching a balance of shared existence.
Fake citations emerge as an Achilles heel of using generative "AI" for important documents 🙄
I predict consultants trained on being "AI"-first, will get a special module on "how to cover you tracks": focus on facts that can be easily double-checked 🤣
theindependent.ca/news/lji/del...
I predict consultants trained on being "AI"-first, will get a special module on "how to cover you tracks": focus on facts that can be easily double-checked 🤣
theindependent.ca/news/lji/del...
Deloitte breaks silence on N.L. healthcare report – The Independent
Consulting firm says it is "fully responsible for the quality of our work"
theindependent.ca
November 27, 2025 at 8:18 AM
Fake citations emerge as an Achilles heel of using generative "AI" for important documents 🙄
I predict consultants trained on being "AI"-first, will get a special module on "how to cover you tracks": focus on facts that can be easily double-checked 🤣
theindependent.ca/news/lji/del...
I predict consultants trained on being "AI"-first, will get a special module on "how to cover you tracks": focus on facts that can be easily double-checked 🤣
theindependent.ca/news/lji/del...