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7 episodes with risk exposure
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2 episodes with risk exposure
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2 episodes with risk exposure
2 episodes with risk exposure
2 episodes with risk exposure
2 episodes with risk exposure
This week, we discuss the strong jobs report and why next month is the time to look for weakness, the tariff strategy and how it's bleeding into economic data, and people missing the forest for the trees in the Trump agenda. We also delve into the Treasury QRA, measuring Treasury market stress and why an intervention right now is a political decision, navigating bear market rallies, and more. Enjoy! — Follow Quinn: https://x.com/qthomp Follow Felix: https://twitter.com/fejau_inc Follow Forward Guidance: https://twitter.com/ForwardGuidance Follow Blockworks: https://twitter.com/Blockworks_ Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx — Weekly Roundup Charts: https://drive.google.com/file/d/1NMv_qEEEV88_9ZH8epVSdwfpuv8jUgFn/view?usp=sharing — Join us at Permissionless IV June 24th - 26th. Use code FG10 for 10% OFF! https://blockworks.co/event/permissionless-iv — Blockdaemon is the gateway to the decentralized economy, securing over $110B in digital assets for 400+ institutions with blockchain nodes, APIs, MPC wallets and vaults, and staking solutions. Learn more: www.blockdaemon.com At Ondo, we design institutional-grade platforms, assets, and infrastructure to bring financial markets onchain. We believe that combining the best of TradFi with the best of DeFi will dramatically improve our financial system—making it fairer, faster, and more accessible to all. Learn more about how Ondo is bringing capital markets onchain at https://ondo.finance/ — Timestamps: (00:00) Introduction (02:40) NFP & Labor Market (10:31) Ads (Blockdaemon, Ondo) (11:26) Tariffs & Economic Data (17:38) Tariff Strategy (19:59) Unpacking the Trump Agenda (31:21) Ads (Blockdaemon, Ondo) (32:38) Treasury QRA & Buybacks (38:18) Treasury Market Stress & Demand (44:52) Market Structure & Bear Market Rallies (51:41) Risk Exposure is a Spectrum (53:47) MSTR Outlook — Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
Groupies rejoice! Glenn Longabaugh returns to the podcast room with hosts Jeff Jarrett and Sal Sama for this episode of The High Ground powered by Premier Companies. Glenn is the resident agronomist at Premier Companies, and he's a fan favorite.You'll hear about Glenn's new series, Thriving or Surviving, and how it ties into what growers should be focusing on to be more successful. He'll dive into the tension between reducing the cost of inputs and the value of increasing overall yields along with evaluating how fertility, fungicides, and fertilizers play into the overall equation. Sal will also share his thoughts on how a grower can evaluate the have-to-haves in light of the want-to-haves. If you've been considering upgrading your farming equipment, Glenn will share why the used equipment market may be in your favor right now. If you've been wondering how you can take a good crop year and make it a great crop year, you're going to want to check out Glenn's lectures!
Groupies rejoice! Glenn Longabaugh returns to the podcast room with hosts Jeff Jarrett and Sal Sama for this episode of The High Ground powered by Premier Companies. Glenn is the resident agronomist at Premier Companies, and he's a fan favorite.You'll hear about Glenn's new series, Thriving or Surviving, and how it ties into what growers should be focusing on to be more successful. He'll dive into the tension between reducing the cost of inputs and the value of increasing overall yields along with evaluating how fertility, fungicides, and fertilizers play into the overall equation. Sal will also share his thoughts on how a grower can evaluate the have-to-haves in light of the want-to-haves. If you've been considering upgrading your farming equipment, Glenn will share why the used equipment market may be in your favor right now. If you've been wondering how you can take a good crop year and make it a great crop year, you're going to want to check out Glenn's lectures!
In today's episode, we unpack how rigorous research translates into actionable strategies for wealth management. Ben and Mark are joined by Peter Mladina, Executive Director of Portfolio Research at Northern Trust Wealth Management and professor at UCLA. With an impressive body of published work and practical innovations like his goals-based asset allocation software, Peter offers a unique perspective on bridging the gap between theory and practice. The conversation delves into foundational topics like asset allocation and factor models, with a special focus on practical applications of research in wealth management. Peter shares insights from his research, including intriguing findings on factor investing and joint tests of market efficiency. From real estate investment trusts to the nuances of the Intertemporal Capital Asset Pricing Model (ICAPM), the discussion covers how these concepts can directly inform financial planning and portfolio construction. Tune in to explore the intersection of academic insight and everyday financial decision-making! Key Points From This Episode: (0:00:17) Introducing Peter Mladina and his wealth management research. (0:04:00) Theoretical and practical shortcomings of Markowitz's Modern Portfolio Theory (MPT). (0:05:24) How the Capital Asset Pricing Model (CAPM) resolves MPT's shortcomings, and how the Intertemporal CAPM (ICAPM) resolves the CAPM and MPT's shortcomings. (0:10:16) Key distinctions between an optimal ICAPM portfolio and an optimal CAPM portfolio. (0:15:33) Allocating between liability hedge assets and risky assets, and when it's sensible for individual investors to try to fully hedge consumption liabilities. (0:20:14) The role of Monte Carlo simulation and human capital in building ICAPM portfolios. (0:24:15) Steps for practitioners starting with ICAPM and how to advise their clients. (0:37:18) Insights from Peter's papers on factor models: why common risk factors should explain returns across most asset classes. (0:40:11) The value of looking at asset classes through a factor lens. (0:41:54) Main factors Peter uses in his research and observations on the zoo of factors. (0:46:23) Takeaways from Peter's paper on real estate (and why he doesn't like it that much). (0:56:45) Unpacking hedge fund returns and factor models and Yale's endowment performance. (01:02:44) Peter's research on traded portfolios and jointly testing factor models and manager performance. (01:07:14) How Peter defines success, both professionally and personally. Links From Today's Episode: Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://x.com/RationalRemindRational Reminder on TikTok — www.tiktok.com/@rationalreminder Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.caBenjamin Felix — https://pwlcapital.com/our-team/ Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://pwlcapital.com/our-team/ Cameron on X — https://x.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/ Mark McGrath on X — https://x.com/MarkMcGrathCFP Peter Mladina on LinkedIn — https://www.linkedin.com/in/peter-mladina-177194125/ Peter Mladina on SSRN — https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=890472 Northern Trust — https://www.northerntrust.com/ Episode 169: John Cochrane — https://rationalreminder.ca/podcast/169 Papers From Today's Episode: ‘Real Estate Betas and the Implications for Asset Allocation' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3134732 ‘An ICAPM Framework for Asset Allocation' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4319731 ‘An ICAPM for Goals-Based Investing' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4943241 'Portfolios for Long-Term Investors' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3790823 ‘Yale's Endowment Returns: Manager Skill or Risk Exposure?' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2959074
Tom welcomes back, Jesse Felder, founder, editor, and publisher of The Felder Report, to discuss inflation and its impact on investments. Felder argues that American citizens consider inflation a major issue, despite the Federal Reserve's efforts to contain it. He suggested the Fed might accept higher-than-targeted inflation levels in the future. Felder touches upon bond markets as indicators of potential inflation trends and the possibility of another "lost decade" for stock and bond portfolios due to current valuations. Felder criticizes passive investing, citing negative annual returns over a 10-year period, and emphasizes individual investors' attention to Warren Buffett's investment philosophy, focusing on valuation sensitivity. Buffett's massive cash position in Berkshire Hathaway was discussed, with reasons for his disinterest in gold and cautious approach due to concerns over the fiscal situation. Jesse suggests individual investors pay heed to Buffett's underlying investment strategy while acknowledging opportunities unavailable to Berkshire Hathaway. Felder also highlights the potential for a steep market reversal following the stock market's overexuberance post-Trump's election and emphasized insider activity and buy-sell ratios as indicators of earnings and economic disappointments in the equity market. He encourages investors to be cautious given current extreme valuations. Felder expresses his interest on oil and gas stocks due to the changing inflation environment and the new floor at $70 for oil prices. He believes that energy producers would benefit from a more stable foundation for their commodity, despite concerns about the Strategic Petroleum Reserve's size and potential implications of inflation and peak oil production. Time Stamp References:0:00 - Introduction0:37 - Inflation Been Fixed?3:45 - Fed & Inflation Targets8:16 - Bonds & Reality11:38 - Tariffs & Tax Cuts14:10 - A Lost Decade?18:05 - Warren Buffet Position28:14 - Risk Exposure & Gold32:08 - Market Exuberance36:50 - Avoiding Loss38:30 - Valuing Sectors40:00 - Energy & Tech43:44 - SPR & U.S. Production46:38 - Peak Energy & Inflation49:00 - Equity Mkt. Concerns50:12 - Wrap Up Talking Points From This Episode American citizens perceive inflation as a significant problem, despite Federal Reserve's attempts to control it. The Fed might accept higher-than-targeted inflation levels in the future. Buffett's cash position and disinterest in gold, potential market reversal, and focus on oil and gas stocks are notable. Guest Links:Twitter: https://twitter.com/jessefelderWebsite: https://thefelderreport.com/Articles: https://thefelderreport.com/blog/ Jesse Felder is the Founder, Editor, and Publisher of The Felder Report. He began his professional career at Bear, Stearns & Co. and later co-founded a multi-billion-dollar hedge fund firm headquartered in Santa Monica, California. Since moving to Bend, Oregon in 2000 and founding The Felder Report shortly thereafter his writing and research have been featured in major publications and websites like The Wall Street Journal, Barron's, Yahoo!Finance, Business Insider, RealVision, Investing.com, and more. Jesse also hosts and produces the Superinvestors and the Art of Worldly Wisdom podcast.
Welcome to the Data Security Decoded podcast, brought to you by Rubrik Zero Labs. In each installment, we discuss cybersecurity with thought leaders and industry experts, and get their take on trends, themes, and where they see the sector going next. This is a must-listen for security and IT leaders looking to better understand trends shaping data security and how they can achieve cyber resilience. We're excited to continue with our series of special episodes featuring highlights from the recent Rubrik Zero Labs Virtual Summit. This series offers a unique look into the critical conversations happening around data security. Steve Stone is taking on a different role in these special episodes. Instead of guiding us through our usual discussions, he'll be leading in-depth conversations with industry experts. In the third episode, we're diving deep into data security strategy. Steve is joined by Bipul Sinha, CEO, Chairman, and Co-Founder of Rubrik. Join them as they explore how organizations can effectively navigate the reset phase after a crisis event and create cyber resilience, valuable insights into the unique challenges faced by the healthcare industry, and the technological advancements that can enhance data security.
In this episode, we welcome Dr. Almut Heinken, Junior Professor at the INSERM Institute of Nutrition, Genetics, Environment, and Risk Exposure at Université de Lorraine. Her work focuses on multiscale metabolic modelling of host-microbiome interactions and their role in human health. She has contributed to the development of genome-scale reconstructions of human microbes, known as the AGORA resource. Almut has also developed tools to build personalised microbiome models and applied these models to inflammatory bowel disease, Parkinson's Disease, and colorectal cancer. She is currently working on modelling the interactions between diet, the microbiome, and the epigenome. Tune in to this exciting discussion!
What is D&O Insurance?Essentially it is Insurance for Directors and Officers... Dive into this episode to learn the ins and outs of it in this 7 minute deal chatI am your host from "The Deal Scout," and I am pleased to share with you some insights that are imperative for anyone holding an executive or board-level position. In our most recent discussion, we explored the intricacies of Directors and Officers (D&O) insurance with the expert guidance of Chaz, revealing its critical role in corporate risk management.Here is a brief overview of the key points addressed:
The equity market has rallied powerfully since November 2023. So after a sharp rally of this nature, are we in overbought market conditions? Investor sentiments at bullish extremes and a high concentration in US Big Tech tend to lead to heightened risks of short- term volatility. But despite risks of short-term volatility, can larger tailwinds behind the bull market remain intact? On Money in the Market, Hongbin Jeong speaks to Neo Bee Leng, Investment Strategist, Bank of Singapore, to find out how investors can navigate the current market dynamics and strategies to mitigate short-term volatility.See omnystudio.com/listener for privacy information.
Guest: Keyaan Williams, Founder and Managing Director of CLASS-LLC [@_CLASSllc]On LinkedIn | https://www.linkedin.com/in/keyaan/____________________________Host: Sean Martin, Co-Founder at ITSPmagazine [@ITSPmagazine] and Host of Redefining CyberSecurity Podcast [@RedefiningCyber]On ITSPmagazine | https://www.itspmagazine.com/itspmagazine-podcast-radio-hosts/sean-martin____________________________This Episode's SponsorsImperva | https://itspm.ag/imperva277117988Devo | https://itspm.ag/itspdvweb___________________________Episode NotesIn this episode of the Redefining CyberSecurity Podcast, hosted by Sean Martin, we are joined by guest Keyaan Williams to discuss the impact of the Securities and Exchange Commission (SEC) Incident Reporting Rule on organizations and its far-reaching implications. The wide-ranging discussion covers the shift in responsibility from a single Chief Information Security Officer (CISO) to the entire organization, the necessity for companies to have situational awareness to rapidly determine the materiality of cyber security incidents, and how these rules affect the company's enterprise risk management strategy.Enterprise Risk Management (ERM) is integral to the way organizations protect themselves and manage risk. Contrary to focusing exclusively on cybersecurity and cyber-related risk, ERM takes an holistic approach and considers all risks across the company. This comprehensive approach ensures that companies make well-informed decisions about how they allocate resources, prioritize risks, and choose specific areas to mitigate. ERM also distributes the burden of risk oversight, reducing the intense pressure on CISOs or any single department and making risk management a collective responsibility. In an era of increasing regulatory oversight, such as the new rules from the SEC, ERM also aims to help companies demonstrate that they are taking all necessary precautions and addressing regulatory requirements effectively.Williams also emphasizes the need for businesses to prepare for the increasing regulatory scrutiny by maintaining a robust governance structure and adopting a team-based approach for managing cyber security risks. They predict the possibility of additional rule-making concerning cybersecurity in the future, thus viewing the current phase as the calm before the storm.Williams ends the conversation with an invitation for listeners to provide feedback, reinforcing the theme of the episode: collective engagement in cybersecurity management.Key Questions Addressed:What is the impact of the new SEC reporting rule on CISOs and their teams?How can Enterprise Risk Management contribute to overcoming cybersecurity challenges?How does the SEC reporting rule change the role of a CISO within an organization?___________________________Watch this and other videos on ITSPmagazine's YouTube ChannelRedefining CyberSecurity Podcast with Sean Martin, CISSP playlist:
Guest: Keyaan Williams, Founder and Managing Director of CLASS-LLC [@_CLASSllc]On LinkedIn | https://www.linkedin.com/in/keyaan/____________________________Host: Sean Martin, Co-Founder at ITSPmagazine [@ITSPmagazine] and Host of Redefining CyberSecurity Podcast [@RedefiningCyber]On ITSPmagazine | https://www.itspmagazine.com/itspmagazine-podcast-radio-hosts/sean-martin____________________________This Episode's SponsorsImperva | https://itspm.ag/imperva277117988Devo | https://itspm.ag/itspdvweb___________________________Episode NotesIn this episode of the Redefining CyberSecurity Podcast, hosted by Sean Martin, we are joined by guest Keyaan Williams to discuss the impact of the Securities and Exchange Commission (SEC) Incident Reporting Rule on organizations and its far-reaching implications. The wide-ranging discussion covers the shift in responsibility from a single Chief Information Security Officer (CISO) to the entire organization, the necessity for companies to have situational awareness to rapidly determine the materiality of cyber security incidents, and how these rules affect the company's enterprise risk management strategy.Enterprise Risk Management (ERM) is integral to the way organizations protect themselves and manage risk. Contrary to focusing exclusively on cybersecurity and cyber-related risk, ERM takes an holistic approach and considers all risks across the company. This comprehensive approach ensures that companies make well-informed decisions about how they allocate resources, prioritize risks, and choose specific areas to mitigate. ERM also distributes the burden of risk oversight, reducing the intense pressure on CISOs or any single department and making risk management a collective responsibility. In an era of increasing regulatory oversight, such as the new rules from the SEC, ERM also aims to help companies demonstrate that they are taking all necessary precautions and addressing regulatory requirements effectively.Williams also emphasizes the need for businesses to prepare for the increasing regulatory scrutiny by maintaining a robust governance structure and adopting a team-based approach for managing cyber security risks. They predict the possibility of additional rule-making concerning cybersecurity in the future, thus viewing the current phase as the calm before the storm.Williams ends the conversation with an invitation for listeners to provide feedback, reinforcing the theme of the episode: collective engagement in cybersecurity management.Key Questions Addressed:What is the impact of the new SEC reporting rule on CISOs and their teams?How can Enterprise Risk Management contribute to overcoming cybersecurity challenges?How does the SEC reporting rule change the role of a CISO within an organization?___________________________Watch this and other videos on ITSPmagazine's YouTube ChannelRedefining CyberSecurity Podcast with Sean Martin, CISSP playlist:
Employers shouldn't leave workplace safety down to luck. It's essential to measure risk exposure, or the potential that an incident might occur. Learn how to create safe environments where people want to work and be with Elizabeth Prazeres, organizational effectiveness and change management expert at DEKRA.
Welcome to the Healthcare Dollars and Good Sense podcast, a series focused on tools, resources, and expertise to help discover cost savings opportunities for healthcare organizations. In this episode, BerryDunn colleagues Markes Wilson and Susan Prior talk with Ian Koteles, of Dietrich, a uniquely positioned pension risk advocate. The topic? Reducing pension costs through various strategies, including risk mitigation and administrative efficiency.
Some 10,000 Baby Boomers, or those born between 1946 and 1964 are retiring every day. There's one group that is feeling the effects of today's economy more than the others, Tripp dives into the ‘late boomer dilemma'. Then is it fact, fiction or somewhere inbetween? From Robo advisors to defining the difference between risk tolerance and risk exposure. Tripp returns to the hot seat to answer questions submitted by listeners. To connect with Tripp call 800-940-6979. Visit Limehouse Financial to learn more.See omnystudio.com/listener for privacy information.
Some 10,000 Baby Boomers, or those born between 1946 and 1964 are retiring every day. There's one group that is feeling the effects of today's economy more than the others, Eric Kearney and Joseph dive into the ‘late boomer dilemma'. Then is it fact, fiction or somewhere inbetween? From Robo advisors to defining the difference between risk tolerance and risk exposure, Eric and Joseph have the answers. That and much more on Wealthworx Radio. Call Eric Kearney 800-779-1942 Visit EricKearneyAdvisor.com to learn more. See omnystudio.com/listener for privacy information.
Welcome to the Corporate Treasury 101 Podcast!Download the slides from Jeff Goggings from Kyriba here!This is the first part of our interview with Jeff Goggins from Kyriba, where we delve deep into the world of FX Risk exposure.Jeff is a Director at Kyriba, part of the advisory team and focuses on FX risk management.Kyriba's treasury management system is a well known solution providing automated cash management, bank connectivity, liquidity planning, payments, and working capital features.In the episode of today, expect to learn:What is a “Risk Exposure”?What is Foreign Exchange Risk? What are the different types of FX Risk a company can face? And much more! We hope you will enjoy the episodeIf you're thinking about how you found our podcast, chances are it was through word of mouth, social media, or a recommendation from your favorite podcast platform. And this is our ask to you, the only way the podcast can grow and for more people to learn about Treasury is thanks to you. So if you enjoy what you hear, please consider following the show, leaving a review, or sharing this episode to help others discover it too.Link & references:Download the slides from Jeff Goggings from Kyriba here!Jeff Goggins on LinkedIn: https://www.linkedin.com/in/jeff-goggins-5711398/Kyriba: https://www.kyriba.com/___________________________Click here to join our AI in Treasury weekly Newsletter: AI Treasury Insights!Learn the fundamentals of corporate treasury by downloading our free ebook at www.corporate-treasury-101.com Connect with us on LinkedIn: https://www.linkedin.com/company/corporate-treasury-101/If you have any questions or topics you want us to tackle in the future, reach out to us on Instagram or email us at contact@corporate-treasury-101.com
Welcome to the Corporate Treasury 101 Podcast!Download the slides from Jeff Goggings from Kyriba here!Today, we delve deep into the world of Foreign Exchange risks with a true expert in the field of FX Risk management, Jeff Goggins from Kyriba. Jeff is a Director at Kyriba, part of the advisory team and focuses on FX risk management.Kyriba's treasury management system is a well-known solution providing automated cash management, bank connectivity, liquidity planning, payments, and working capital features.In the episode of today, expect to learn:What is a “Risk Exposure”?What is Foreign Exchange Risk?What are the different types of Financial Risks a company can face?When does a risk exposure start and when does it stop? Why should companies look into their financial risks? How to hedge against all those risks? What is the one biggest challenge when it comes to FX Risk Management?How does a period of high volatility impact FX Risk Management?How is AI impacting Financial Risk Management?And much, much more! We're thrilled to have an incredible guest with a deep passion for Treasury on today's episode.If you're thinking about how you found our podcast, chances are it was through word of mouth, social media, or a recommendation from your favorite podcast platform. And this is our ask to you, the only way the podcast can grow and for more people to learn about Treasury is thanks to you. So if you enjoy what you hear, please consider following the show, leaving a review, or sharing this episode to help others discover it too.Link & references:Download the slides from Jeff Goggings from Kyriba here!Jeff Goggins on LinkedIn: https://www.linkedin.com/in/jeff-goggins-5711398/Kyriba: https://www.kyriba.com/___________________________Click here to join our AI in Treasury weekly Newsletter: AI Treasury Insights!Learn the fundamentals of corporate treasury by downloading our free ebook at www.corporate-treasury-101.com Connect with us on LinkedIn: https://www.linkedin.com/company/corporate-treasury-101/If you have any questions or topics you want us to tackle in the future, reach out to us on Instagram or email us at contact@corporate-treasury-101.com
I'm joined by investigative journalist Jessie Singer to talk about their book There Are No Accidents: The Deadly Rise of Injury and Disaster- Who Profits and Who Pays the Price.
In this week's episode, Markets Update: The Fed Raises Interest Rates and a Hawkish Pause? Empowering Education: Risk, Risk, Risk. Intriguing Issues: Chegg's A.I. problem and the Kentucky Derby
Ashley Perry is the Chief Strategy and Solutions Officer at Socially Determined, a social risk analytics and solutions company working with payers, providers, and life science companies. Their Socialscope risk and data analytics platform helps organizations understand social determinants of health, identify and manage risk and advance equity for the populations they serve. These organizations are able to be data-driven and action-oriented to mitigate community and individual-level risk. Ashley explains, "The evidence is very clear from a multitude of sources that up to 80% of healthcare utilization, cost, outcomes, and, importantly also, equity are driven by non-clinical factors or non-medical cost drivers. That includes all aspects of everyday life. So, you think about factors like food insecurity and housing instability, transportation barriers, and health literacy challenges. We see consistently in the data that we look at every day the impact these factors have on those utilization costs and outcome measures. Our customers are ultimately focused on population health and the overall health and well-being of the communities and populations they serve." "Socialscape is a platform that assesses both community-level SDOH risk exposure for the entire United States as well as individual-level social risk factor scores for millions of adult Americans. Importantly, we do that across different domains. For example, on the community side, we look at factors like the economic climate, the housing environment, and the digital landscape. On the individual patient or member side, we look at factors like food insecurity, housing instability, and transportation barriers." "Across all of those different domains, we're able to quantify risk using a standardized one-to-five scale. One indicates little to no risk, five indicates severe risk. It empowers the organizations that we work with to be able to identify the contours and concentration of community-level risk for the markets that they're serving. As well as identify the segments of their overall population that they bear the risk for that face elevated risk across those different social domains." @SocDetermined #SDOH #SocialDeterminantsofHealth #ACOREACH #HealthEquity #SocialRisk #Data #DataAnalytics sociallydetermined.com Download the transcript here
Ashley Perry is the Chief Strategy and Solutions Officer at Socially Determined, a social risk analytics and solutions company working with payers, providers, and life science companies. Their Socialscope risk and data analytics platform helps organizations understand social determinants of health, identify and manage risk and advance equity for the populations they serve. These organizations are able to be data-driven and action-oriented to mitigate community and individual-level risk. Ashley explains, "The evidence is very clear from a multitude of sources that up to 80% of healthcare utilization, cost, outcomes, and, importantly also, equity are driven by non-clinical factors or non-medical cost drivers. That includes all aspects of everyday life. So, you think about factors like food insecurity and housing instability, transportation barriers, and health literacy challenges. We see consistently in the data that we look at every day the impact these factors have on those utilization costs and outcome measures. Our customers are ultimately focused on population health and the overall health and well-being of the communities and populations they serve." "Socialscape is a platform that assesses both community-level SDOH risk exposure for the entire United States as well as individual-level social risk factor scores for millions of adult Americans. Importantly, we do that across different domains. For example, on the community side, we look at factors like the economic climate, the housing environment, and the digital landscape. On the individual patient or member side, we look at factors like food insecurity, housing instability, and transportation barriers." "Across all of those different domains, we're able to quantify risk using a standardized one-to-five scale. One indicates little to no risk, five indicates severe risk. It empowers the organizations that we work with to be able to identify the contours and concentration of community-level risk for the markets that they're serving. As well as identify the segments of their overall population that they bear the risk for that face elevated risk across those different social domains." @SocDetermined #SDOH #SocialDeterminantsofHealth #ACOREACH #HealthEquity #SocialRisk #Data #DataAnalytics sociallydetermined.com Listen to the podcast here
The CyberPHIx is your source for keeping up with the latest cybersecurity news, trends and industry leading practices, specifically for the healthcare industry. In this episode, our host Britton Burton highlights some bold, and some not so bold, predictions for healthcare cybersecurity in 2023. Topics covered include: Continued escalation and evolution of ransomware attacks Our growing dependency on cloud platforms and vendor solutions shifting the attacker's focus and changing breach trends New baseline expectations for critical infrastructure cybersecurity that could lead to increased federal or state level rule making Remote work and Zero Trust Medical devices, IoT, OT, & IoMT (oh my!) The rise of the class action lawsuit The continued expansion and cool solution ideas for 3rd and 4th party risk The importance of security assurances and validated assessments / certifications The curios case of cyber liability insurance A new emphasis from the board on cyber resilience and TPRM
Risikoreich? Diese Woche reden wir mit CEO und Partner der Bergos, Dr. Peter Raskin, über Risiken und Risk-Exposure eines Bankhauses. Warum es für Kunden wichtig ist und was sie beachten sollten. DISCLAIMER Diese Publikation dient ausschliesslich Informations- und Marketingzwecken. Die bereitgestellten Informationen sind nicht rechtsverbindlich und stellen weder Finanzanalysen, noch ein Angebot für Investmenttransaktionen oder eine Anlageberatung dar und ersetzen keine rechtliche, steuerliche oder finanzielle Beratung. Bergos übernimmt keine Gewähr für die Aktualität, Richtigkeit oder Vollständigkeit der Informationen. Für den Eintritt der in der Publikation enthaltenen Prognosen oder sonstige Aussagen schliesst Bergos jegliche Haftung aus. Ohne schriftliche Zustimmung von Bergos dürfen die vorliegenden Information weder auszugsweise noch vollständig vervielfältigt werden.
Risky business? This week Dr. Peter Raskin, CEO and Partner of Bergos, talks to us about the risk-exposure of a bank. Why should clients care and what should they be aware of. DISCLAIMER This publication is for information- and marketing purposes only. The provided information is not legally binding and neither constitutes a financial analysis, nor an offer for investment-transactions or an investment advice and does not substitute any legal, tax or financial advice. Bergos AG does not accept any liability for the accuracy, correctness or completeness of the information. Bergos AG excludes any liability for the realisation of forecasts or other statements contained in the publication. The reproduction in part or in full without prior written permission of Bergos is not permitted.
The rise of digitalization has led to more interconnected rail systems. While this has propelled forward our trains and metros at some seriously high speed, it has also dramatically expanded the threat landscape.In response, governments around the world are racing to implement measures that promote technological advancements for these rail systems whilst assuring that the systems are protected and secure. Sure, it's easy to think about providing timely service, operating efficiently, delivery comfort, keeping up constant communications, and more – but what really matters is that these digital data centers remain safe as they travel between and arrive at various stations both out in the sticks and in the heart of the cities.Where does this leave rail companies? What steps should they take in the event of a cyberattack?Listen in as Sean speaks with Amir Levintal as they get on track as they dig into the elements of the rail systems from the sensors to the tracks to the WiFi and more. It doesn't take long before they jump the rails to test the boundaries of reality.____________________________GuestAmir LevintalCEO and CoFounder of Cylus Cybersecurity [@cylus_security]On LinkedIn | https://www.linkedin.com/in/amir-levintal/On Twitter | https://twitter.com/amirlevintal____________________________This Episode's SponsorsImperva: https://itspm.ag/imperva277117988HITRUST: https://itspm.ag/itsphitweb____________________________ResourcesUnderstanding IEC 62443: https://www.iec.ch/blog/understanding-iec-62443European Standard CLC/TS 50701 Railway applications - Cybersecurity: https://www.en-standard.eu/clc/ts-50701-2021-railway-applications-cybersecurity/Train of Consequences: The Real Cost of Rail Cybersecurity Incidents: https://www.cylus.com/post/the-real-cost-of-rail-cybersecurity-incidentsThe Long-Term Effects of Log4Shell on Railway Systems: https://www.cylus.com/post/log4shell-effect-railway-systems____________________________To see and hear more Redefining Security content on ITSPmagazine, visit:https://www.itspmagazine.com/redefining-cybersecurityAre you interested in sponsoring an ITSPmagazine Channel?
The rise of digitalization has led to more interconnected rail systems. While this has propelled forward our trains and metros at some seriously high speed, it has also dramatically expanded the threat landscape.In response, governments around the world are racing to implement measures that promote technological advancements for these rail systems whilst assuring that the systems are protected and secure. Sure, it's easy to think about providing timely service, operating efficiently, delivery comfort, keeping up constant communications, and more – but what really matters is that these digital data centers remain safe as they travel between and arrive at various stations both out in the sticks and in the heart of the cities.Where does this leave rail companies? What steps should they take in the event of a cyberattack?Listen in as Sean speaks with Amir Levintal as they get on track as they dig into the elements of the rail systems from the sensors to the tracks to the WiFi and more. It doesn't take long before they jump the rails to test the boundaries of reality.____________________________GuestAmir LevintalCEO and CoFounder of Cylus Cybersecurity [@cylus_security]On LinkedIn | https://www.linkedin.com/in/amir-levintal/On Twitter | https://twitter.com/amirlevintal____________________________This Episode's SponsorsImperva: https://itspm.ag/imperva277117988HITRUST: https://itspm.ag/itsphitweb____________________________ResourcesUnderstanding IEC 62443: https://www.iec.ch/blog/understanding-iec-62443European Standard CLC/TS 50701 Railway applications - Cybersecurity: https://www.en-standard.eu/clc/ts-50701-2021-railway-applications-cybersecurity/Train of Consequences: The Real Cost of Rail Cybersecurity Incidents: https://www.cylus.com/post/the-real-cost-of-rail-cybersecurity-incidentsThe Long-Term Effects of Log4Shell on Railway Systems: https://www.cylus.com/post/log4shell-effect-railway-systems____________________________To see and hear more Redefining Security content on ITSPmagazine, visit:https://www.itspmagazine.com/redefining-cybersecurityAre you interested in sponsoring an ITSPmagazine Channel?
Vox Royalty Corp. is a Canada-based precious metals royalty and streaming company. The Company focuses to acquire gold, silver and other precious metal royalties and purchase agreements over development stage assets, advanced stage development projects or operating mines. The Company holds a portfolio of over 50 royalties and streaming assets. The Company's interests span approximately eight jurisdictions, Including Australia, Canada, Peru, Brazil, Mexico, the United States and Madagascar. Its portfolio of assets includes Brauna, Dry Creek, Koolyanobbing, Bowdens, Mt Ida, Bulong, Sulphur Springs, Kangaroo Caves, Ashburton, Thaduna, Forest Reef, Saxby, Greenbushes North, Pilgangoora North, Wodgina South, Green Dam, Brits, Ashburton, Pedra branca, Uley, Glen, Las Antas, Millrose, Ptombeiras, West Kundana and Holleton.
Chris Vermeulen is the Founder of The Technical Traders. Chris is an internationally recognized technical analyst and has been trading technical analysis exclusively since 1997. His mission is to help clients boost their investment performance while reducing risk exposure and portfolio volatility. Through years of technical analysis research and technical trading, Chris has helped thousands of individual technical traders and investors around the world improve their financial well-being. Chris has appeared on Futures Magazine, Gold-Eagle, Safe Haven, The Street, Kitco News, Financial Sense, Dick Davis Investment Digest, and dozens of other financial websites. In this episode, we welcome back Chris Vermeulen to Living Your Greatness. To start the conversation, Chris talks about his book “Technical Trading Master - 7 Steps To Win With Logic”. He highlights valuable lessons that technical traders and investors can learn from reading the book. Chris explains what a technical trader means to him and how this skill set has kept his emotions secure allowing him to thrive as an investor. With inflation continuing to run hot (now over 7%) with political and geopolitical issues around the world, Chris shares his opinion of the overall stock market right now. As base metals miners, copper miners and now gold miners are doing well, Chris explains that this is the “perfect storm” set up for precious metals. Chris speaks about why Gold will rise to $2700 and then $7400 during this commodities bull market. If the stock market collapses this year, Chris confidently believes that traders and investors will feel fear and pile into gold. He advises how investors and traders should play their cards. Chris then talks about what separates a good investor from a great investor. Lastly, Chris provides his definition of greatness and what it means to him. __ Host: Ben Mumme Twitter: https://twitter.com/mumme_ben Medium: https://benjaminmumme.medium.com/ YouTube: https://bit.ly/3fAcFrt Newsletter: https://bit.ly/3DBkSWv Instagram: https://www.instagram.com/livingyourgreatness/ __ Guest: Chris Vermeulen LinkedIn: https://www.linkedin.com/in/tradingtechnicalanalysis/ Website: https://www.thetechnicaltraders.com/ Twitter: https://twitter.com/TheTechTraders URLYstart: https://twitter.com/urlystart Previous appearance of Chris Vermeulen on Living Your Greatness: https://www.youtube.com/watch?v=5q3GOgvndKI __ Let's Connect
Food, we love BBQ, smokers, pizza and all that wonderful garden bounty. Venison on the grill and fresh berries in the hand. Food is one of the most chatted about preparedness topics on the Internet and in Podcast land. So why now? A conversation about your risk exposure to the industrialized food supply chain, your risk tolerance and some interesting mitigation measures. How do you ensure that your food supply is maintained in a significant disruption? How much food should you have at home to meet your requirements? What amount makes you comfortable? These are all real and important questions. Don't forget the fuel to cook your food when the grid is down and your go-to evacuation food and you're set. So grab a beverage and lets make your food supply GTG.jeff@preparednesslabs.ca@insidemycanoehead on Instagram@insidecanoehead on TwitterSupport the show (https://www.buymeacoffee.com/IMCanoehead)
The word “cloud” is often uttered up in an almost reverent tone by anyone even tangentially affiliated with the IT world. A big reason for this is because cloud computing has been a tremendous boon for all manner of institutions. Getting away from on-prem servers has reduced cost and increased the speed at which organizations operate as well as the amount of data and applications that can be used to add value. But there is a tremendous amount of complexity in the cloud. With so many developers working in the cloud, there are also many potential access points and, therefore, security vulnerabilities. Ami Luttwak, the Co-founder and CTO of Wiz, explains how cloud complexity increases risks to security.Main TakeawaysThe Promise and Problem With the Cloud: Use of the cloud can add value to organizations. For instance, the cloud can potentially decrease cost and promote efficiency. It also adds complexity and possible access points. For bad actors, this sort of complexity creates openings to infiltrate systems in order to achieve their malevolent ends.Asking the Question Differently: To innovate, sometimes it's a matter of just asking a question differently. Also, asking the question simply can be helpful too. That said, it may only appear to be an elemental question after it has actually been answered. Wiz asked the basic question: are your cloud databases exposed? Solving this problem has allowed the company to make an impact in cloud security.MVP Plus Scale: In startup circles, it makes sense to get an MVP out ASAP. Luttwak suggests that startups must create MVPs that also have the capacity to scale. If they do so, they will save time and put their companies in a better position down the line.IT Visionaries is brought to you by the Salesforce Platform - the #1 cloud platform for digital transformation of every experience. Build connected experiences, empower every employee, and deliver continuous innovation - with the customer at the center of everything you do. Learn more at salesforce.com/platform
Increase your chances of catching a rising trend with this new portfolio management technique! You may not feel this way, but for many investors and traders, the stock market is a game, and we all want to move up on the leaderboard. That's really why you're here right? You want to beat the market, just like every other investor. I do too; that's why I research portfolio management theory, and it's why I write these stories. In my last story, I explored how to increase your portfolio returns using different portfolio management strategies. If you read that story, you would have learned how you can optimize your portfolio's weight distributions to match your desired balance between risk and return while simultaneously multiplying your gains. In this story, I want to revisit one of the earlier steps of that process that I skimmed over — how do you actually determine which stocks will give you the best return? To answer this question, I'm going to share a method with you called factor investing. I found this topic to be relatively easy to implement but also incredibly arduous to fully comprehend. I'm going to break down the concepts as best as I can. By the end of this story I want you to walk away with an understanding of the relationship between risk and return; what factor investing is; how to implement a multi-factor model; and how to evaluate different models. Click here to continue reading my story on Data Driven Investor! --- Send in a voice message: https://podcasters.spotify.com/pod/show/completealgotrader/message Support this podcast: https://podcasters.spotify.com/pod/show/completealgotrader/support
When it comes to limiting exposure from corporate fraud, we can learn from two philosophers, Socrates and Sun Tzu Socrates gave us the wise saying, “Know thyself” Sun Tzu followed with the equally wise saying, “Know thy enemy” With Socrates, we’re taught the importance of introspection. When we reflect on the connection between our past decisions and our where we are today, we see relationships. The decisions we made as children opened opportunities for us. Similarly, decisions we made in early adulthood influenced the careers that we built. As we look, we can see the road ahead. Theoretically, that exercise in introspection and contemplation should influence how we think and how we act. Just as the decisions we made yesterday influence where we are today, the decisions that we’re making today will influence what we become in the months, years, and decades ahead. Sun Tzu, author of The Art of War taught that in addition to knowing ourself, we also must know our enemy. The more we know about how our enemy thinks, the better we can prepare. Rather than defining an “enemy” as a human being, we can use the concept of an “enemy” to serve as a framework; besides being a person, an enemy may include a way of thinking, or an action, or a state of affairs that we want to avoid. If we consider “obesity” as an “enemy” of our goal to fitness, we may want to avoid actions that lead to obesity. As business leaders, we want to avoid litigation and government investigations. That’s the enemy. Unless we’re lawyers or professionals that earn a living defending against litigation or government investigations, we want to minimize our exposure to activities that could lead to our being deposed, or standing as an “accused” inside of a courtroom. Litigation can bring excessive risks that threaten to undermine our businesses, our careers, and potentially our liberty. For these reasons, we need to give a great deal of thought to our businesses, our careers, and how our decisions can put those businesses and careers on the pathway to success—or expose us to risks. We also need to think about how people that earn a living from either litigation or government investigations think. The more we know, the better we prepare ourselves to make good decisions, and the stronger we become at making decisions that can decimate all that we’ve worked to create. Two political philosophers, John Locke and Thomas Hobbes, offer us more insight that we can use as we consider risk and mitigation. Thomas Hobbes, author of Leviathan, advised on how leaders should govern. At our core, Hobbes believed that as human beings we are basically beasts that fight for survival. To build a society, we need laws to keep people in order. Without strict laws, Hobbes believed that people would act in their own self-interest and to the detriment of the broader society. Enforcement of strict laws keeps people in order. John Locke, on the other hand, believed that people are rational. We all behave in accordance with what we have learned. At conception, according to Locke, we begin with a blank slate. But every experience makes an impression upon us. Those impressions shape how we think and how we act. If we’re born into struggle and chaos, we may learn how to adapt in accordance with what we see. If we’re born in privilege, we act and believe in accordance with what we see. As rational beings, Locke believed that just as we learned, we could also unlearn. Unlike Hobbes, who believed that it was the threat of punishment that kept us in line, Locke held that our experiences determine who we are, and what we become. As a society, then, according to Locke, we should invest to help people learn how to behave in ways that advance our communities. Some may consider John Locke as the father of liberalism. These philosophical understandings are all highly informative in assessing a company’s vulnerability to fraud and how to best protect against it. Philosophy and Risk Management in the Corporate Sectors: Whether we own a business, or we work to earn a paycheck, we all advance when we think as if we’re the CEO of our life. And as a CEO, we can rely upon some basic tenets that include: Tenet 1: We’ve got to start by defining success. What are we trying to achieve? Tenet 2: We’ve got to document the strategy that will take us from where we are to where we want to go. Tenet 3: We’ve got to create tools, tactics, and resources that will help us succeed, to achieve that documented strategy. Tenet 4: We’ve got to execute our strategy every day, and we’ve got to measure our progress. To use lessons from Sun Tzu, we advance prospects for success when we minimize risks, or exposure to the enemy. To use lessons from Socrates, we need to introspect constantly. When Socrates said, “the unexamined life is not worth living,” he advised that we all should make connections between the decisions we’re making today, with the potential risks and rewards that we’ll experience tomorrow. We can lessen our risk levels, or our exposure to litigation and government investigations, when we understand the thinking patterns and motivations of regulators—or our opposition. Like Thomas Hobbes, government regulators believe that if we’ve come under their purview, we’re beasts by nature—out to deceive and defraud consumers, as we prioritize our self-interest. Regulators will define success with injunctions, fines, disgorgement, corporate shutdowns, and decimation of businesses. To lessen risks of litigation and government investigations, we’re going to help people understand the various types of corporate fraud; people should have a clear understanding of the exposure that accompanies fraud. Through this lesson, people will learn why a personal investment in compliance and risk-mitigation goes a long way toward advancing prospects for success. Various Type of Corporate Fraud: Fraud charges may begin with either civil or criminal investigations; those investigations may stem from any number of alleged activities. An inexhaustive list of those activities may include: bribery, forgery, copyright and trademark infringement, overbilling, price fixing, embezzlement, insider trading, data theft, unscrupulous telemarketing, money laundering, wire fraud, mail fraud, With more than 4,000 criminal statutes, and millions of pages of government regulations, investigators have many more charges at their disposal. Any of those laws or regulations can prompt a government investigation. For such reasons, business owners do well when they invest time and energy to learn about what happens when investigators bring allegations of fraud. Since the acts of employees can launch an investigation, it makes a lot of sense to include such training for all new hires. Any decision made during the course of business can threaten to undermine the enterprise. When business leaders help all members of the company’s team understand these concepts, they are better situated to avoid problems that can lead to government investigations or criminal prosecutions. Authorities can charge executives for decisions they made while on the job, and they can also bring charges if people under their control engage in any type of act that they deem nefarious. Those charges can destroy careers, decimate shareholder value, and lead to the loss of liberty. Even if an individual did not carry out the act, authorities may bring conspiracy charges. With a conspiracy charge, authorities will look to “overt acts” that they believe would further a conspiracy. Conspiracy charges prove to be very useful for prosecutors because they require a lower threshold of proof; further, conspiracy may not require intent, yet they could bring penalties that are identical to those that would exist if the fraud had been consummated. One of the numerous cases brought during this past decade against healthcare providers may be instructive. A director of physical therapy regularly performed services for patients and supervised the services of other therapists; the director signed off on to approve the work of others. To further the enterprise, a marketing company orchestrated media campaigns to spread awareness of the business’s services. Rather than charging a set fee for its services, the healthcare provider paid the marketing company on a per-patient basis. If the marketing company’s efforts resulted in a new patient, the healthcare provider would compensate the marketer. The government launched an investigation for “patient brokering.” Although the marketing company thought its billing approach would reward it for success, legislators deemed the practice illegal. Patient brokering represents a hot-button topic for regulators. Prosecutors filed charges against many people within the organization. According to prosecutors, the CEO “should have been” better supervising the marketing department. The director of physical therapy “should have known” that the company engaged in patient brokering and that patient brokering was against the law. The marketing company should not have participated. Each person in the conspiracy bore liability. The director of physical therapy chose to fight the charges at trial. After a jury returned a guilty verdict, the judge sentenced him to 12 years in prison. For these reasons, stakeholders should understand the nature of corporate fraud and the allegations that may follow from a government investigation. By learning how regulators attach risk and learning more about the risk-exposure to corporate fraud, we help people make better decisions. Knowledge can prove an effective first line of defense against any potential exposure. Most Common Types of Corporate Fraud Every company faces unique challenges with respect to fraud, depending on the specific type of business. For example, a chain of pharmacies may not have the same level of exposure to the Foreign Corrupt Protection Act as a steel manufacturer that sells its products around the world. Nevertheless, in our era of big government, professionals that value their liberty should learn about the various types of fraud, and the risk exposure that accompanies allegations of wrongdoing. Such knowledge, theoretically, will help people make better decisions: Corporate Account Abuse – All companyies maintain corporate accounts to track transactions. Those corporate accounts may allow employees to order shipments on credit from a supplier; or the company may issue corporate credit cards so that employees don’t need to come out of pocket for travel expenses. Managers are often too overwhelmed to extensively review details, so long as the dollar amounts and types of expenses listed seem reasonable. Corporate executives may use their corporate accounts to order car services, stay at nice hotels, take first-class flights, and enjoy other perks while on a business trip. Many think nothing of keeping the frequent flyer miles and hotel points, even though they technically belong to the company. Some credit-card benefits may include cash-back programs for expenses paid by an employee and reimbursed by the company. What policies exist to track these transactions? Investigators with the IRS may want to know. Members of our team served time with an executive that got wrapped up in a government investigation that stemmed from an alleged abuse of expenses. After a prosecution, a judge sentenced him to 17 years in prison. If business owners or professionals blur the line with regard to how they account for expenses, they expose the company and their lives to potential civil or criminal liability. Overbilling – Overbilling practices can also lead to charges of fraud. For example, we knew the owner of a plumbing supply company that used some of the products in inventory to repair rental properties. He then wrote off the items as business expenses, declaring he lost toilets as being lost due to damage. When a disgruntled employee turned him in to authorities, a government investigation ensued. He went to prison for tax fraud. Vendor Systems – Managers should be aware of one of the more common variations of fraud: setting up phantom vendors and creating fraudulent invoices for non-existent goods and services. This type of fraud requires planning and plotting by the perpetrators, but all managers can get wrapped up in the problem. Investigations that reveal this type of fraud can bring both civil and criminal liability. Bribery – Either giving or receiving something in exchange for a purchase order or project can lead to liability. Regardless of where the bribe takes place, criminal charges can follow. In fact, Oderbrecht, a large Brazilian company paid a $3.5 billion fine in 2016 for bribery; the CEO went to prison. Smaller independent contractors sometimes feel pressured to offer bribes just to get their foot in the door and keep it there. For example, we knew a former military contractor and West Point graduate that paid a bribe in the form of a “no-show” job to someone instrumental in helping him get a sizable military contract. The contractor, in turn, billed the Army $422,704 for the purported work. After a government investigation, a six-year sentence followed. Payroll – A company owner or manager has hiring discretion. Abusing that discretion, however, can lead to charges of corporate fraud. For example, if a company provides employment to a person that does not perform any duties for the business, investigators may allege a fraudulent transaction. The allegation may be that the company took an unfair business expense by providing employment to somone that did not provide any service. Sales – If companies try to push revenues into a specific time frame in order to manipulate accounting, investigators may allege fraud. Remember, although we can control what we do, we cannot control what other people do. Accounting scandals can result when people turn their employers in to authorities. Consider the case of an executive we knew that worked with one of the world’s largest software companies. In the years 1998 through 2000, the company began prematurely reporting $3.3 billion in revenues from 363 software contracts, creating what the SEC later facetiously referenced as 35-day months. Wanting to exceed Wall Street expectations to support the company’s rising stock price, the company used accounting trickery. The investigation resulted in the company paying a $225 million settlement; eight people went to prison. Forward and Backdating of Documents –Dozens of companies faced option-backdating scandals, which led to government investigations, fines, huge disruptions within their organizations, and imprisonment for some. Although companies have the right to issue option grants, their accounting practices must comply with regulations to order to withstand the scrutiny of investigations. Evading Management Supervision –Telemarketing employees may increase their compensation levels by increasing sales. If not trained properly, however, they may go off-script. When anyone deceives consumers to strike a deal, that person may put the employer, and his or her liberty at risk. Specific Concerns for Senior Management Business owners and managers want to increase value with job performance. Similarly, investigators will want to distinguish themselves on the job by building cases that lead to findings of culpability or guilt. With that in mind, leaders should develop an understanding of the following charges that investigators or prosecutors may bring: Conspiracy – the company and management can be held liable for conspiracy, regardless of whether the perpetrators carried out the fraud. To prove a conspiracy existed, prosecutors must identify the elements of the offense—like a conversation to deceive consumers. Then, they must show that the participants engaged in an overt act, like designing a marketing brochure. The deception does not have to take place—only the effort to deceive. Those actions can lead to a conviction for conspiracy on any fraud charge, as many people in prison have learned. Aiding and Abetting – Sadly, a well-intentioned effort at damage control can lead to charges of a cover-up. We know one person who enjoyed fishing and regularly caught fish without checking or worrying about the limits. The Coast Guard stopped him for a random check. An officer spotted the captain throwing fish overboard in an attempt to cover up a catch of under-sized fish. The Coast Guard pressured the captain to provide evidence against the owner, or face charges for aiding and abetting. Investigators may bring charges for aiding and abetting for any number of reasons, including shredding or destroying corporate documents. A good compliance program can shield a leader from such charges, especially if they train regularly on the importance of compliance. Obstruction of Justice – When investigators or prosecutors believe that a witness has willfully tried to block the investigation, they may bring charges for obstruction of justice. For example, by providing false statements, tampering with or destroying evidence—even before an investigation begins—can lead to criminal charges. We got a chance to know a media mogul who once controlled the world's third-largest English-language newspaper empire, which published more than 300 newspapers including The Daily Telegraph (UK), Chicago Sun-Times (U.S.), The Jerusalem Post (Israel), National Post (Canada). He was world renowned and even anointed a Lord by the Queen of England. That, however, didn’t keep him from getting charged with 8 counts of fraud for a payment of $5.5 million that allegedly unjustly enriched him. While fighting those charges, he removed 13 boxes of documents from his office, which were merely copies of documents he’d already handed over to the SEC. That action led to additional charges for obstruction of justice. The media mogul appealed and beat the original charges; yet he still had to serve 37 months of the original 78-month sentence because of the obstruction of justice charges. Responsible Corporate Officer Doctrine - in some instances management and the company can even be held liable for failure to prevent a wrongful action, such as in instances of “public welfare” and certain regulatory offenses. One such instance involved the sale and distribution of tainted eggs and salmonella, leading to criminal liability for the father and son in charge of the company, even though they were not directly involved with day-to-day quality control procedures. Avoiding Fiduciary Duties – Honest Services fraud has led many people into the crosshairs of an investigation, and to prison. Politicians and corporate executives perform duties that can be interpreted as favors on any given day. Voting for a particular bit of legislation, for example, or developing a corporate complex in a specific area. Certain people stand to benefit from these decisions and if any of them can be reverse engineered back to a vote or decision, that can spell potential trouble. Control Person Liability – a person who legally controls another person or entity (and it need not be complete control) can be held jointly and severally liable (i.e. responsible for the actions of) for the wrongful acts of the controlled person/entity. We know a former executive of a publicly traded corporation. His company made an acquisition and he delegated material aspects of the merger to several other high-level executives to deal with the details. When the CEO signed and attested to documents filed with the SEC, he exposed himself to criminal liability. Later, prosecutors charged the CEO and other executives for not recognizing possible warning flags and relying on assurances by subordinates. The government claimed the CEO signed off on financial statements in "reckless disregard" of the truth of their contents. The conviction resulted in a fine of $1 million and a 10-year sentence. The examples above show the risk exposure for corporate fraud. To minimize exposure to such risks, we encourage regular training on best-practices for compliance at every level of the organization.
Playing it safe is dangerous.
As the Founder and CEO of VMT Consulting, Veronica Maldonado-Torres empowers leaders and businesses to thrive. A small business champion and supplier diversity advocate, Veronica is a catalyst of growth for both small businesses and large corporations, bringing thought-leadership and innovation to the supplier development space. Veronica excels at building strategic alliances and fostering win-win relationships between small businesses and corporate America. For over a decade, she has successfully guided the development and growth of more than 150 firms across multiple industries ranging from $1M-$100M in annual revenue. In addition to a seasoned business strategy consultant, Veronica is also a well-respected trainer and speaker. Show Notes: In this episode, Veronica Maldonado-Torres shares her passion for small business and the family history behind it. She discusses the opportunities and challenges today's economy presents to the Hispanic business owners, the risks exposure all small businesses face, and how to navigate your business during COVID-19. Veronica also stresses the business leader's role as both shepherd and cheerleader. Key Points in this Episode: • Contributions to Small Business [0:02:53] • A Passion for Small Business [0:03:34] • Building a Client Base [0:10:47] • Risk Exposure [0:14:42] • Typical Client Engagement [0:17:03] • Challenges and Opp Hispanic Businesses Face [0:20:37] • Best and Worst Mistakes [0:23:15] • Navigating through COVID-19 [26:35] • Rapid Fire [035:54] • Takeaways [0:20:45] • Contact Info [0:42:22]
One of the most common conflicts happening right now between spouses and family members is how much risk is worth going out for. Whether work, grocery store runs, or just getting outside; many families and couples are experiencing more fights over what's wise and or not right now.
This week Jon discusses risk exposure and "The Rule Of 100".
Ben Locwin chats with Tom Fox about COVID-19 and the risk management issues associated with the disease in this week’s Innovation In Compliance show. What is Coronavirus? Ben says that coronaviruses have been around for a long time. During flu season, about 10% of patients with upper respiratory symptoms test positive for a type of coronavirus. The epicenter of the outbreak of this particular strain of the coronavirus is Wuhan, China, and there seems to be some correlation with the open air markets there. Though it’s suspected that the virus may have crossed from animals to humans, the nexus of the disease is unknown. He goes on to explain how the virus got its name and how it affects human cells. Symptoms and Spread Tom asks about the symptoms of the coronavirus (officially called COVID-19) and how it spreads. Symptoms, Ben says, include respiratory symptoms similar to a chest cold, such as coughing, having trouble breathing, and fever in more severe cases. In a relatively few cases, patients experience organ failure and septic shock and other serious issues, including death. Ben explains that this particular coronavirus spreads through aerosolized droplet infection: when an infected person coughs or sneezes in a public place, fine particulates of saliva and mucus are introduced into the air. Anyone there can inhale these particles and contract the disease. They can start experiencing symptoms within 2 to 14 days. Common Sense Prevention Ben comments on the stigma associated with COVID-19. While travel restrictions and other such responses make good sense, he points out that the outbreak of the virus is not yet a pandemic. If you’re experiencing upper respiratory symptoms, see your healthcare provider right away to have a test done. Your sample will be sent to the CDC for testing to determine if you have COVID-19. He advocates common sense prevention measures, the most important of which is hand hygiene: wash your hands regularly. When you’re in a public place try not to touch your eyes, nose or mouth and don’t touch food without washing your hands first. Face masks may also be useful. If you feel ill, stay at home, he advises. Smart Risk Management Practices Tom comments that many businesses are struggling with how to manage the risk associated with the disease. He asks Ben to give some advice in this regard. Ben responds that companies should take a smart approach. While you shouldn’t start panic buying and selling, and cease all travel, you should certainly limit non-essential travel whenever possible. “That’s just essentially limiting our exposure to risk,” he says. Tom adds that there are a number of modern communication tools that can be used instead of traveling to meetings. It’s sad that it takes situations like this to force companies to examine their business operations, Ben comments. However, by cutting out non-critical practices, businesses not only limit their risk exposure, but it also allows them to employ operational excellence. Resources CDC.gov/Coronavirus Learn more about your ad choices. Visit megaphone.fm/adchoices
Mark Hebner summarizes the market's performance during the fourth quarter of 2019 & demonstrates the difficulty in picking the next asset class winner.
In this month’s podcast, get an inside look at Pastor Kevin’s new book, Naked and Unafraid—5 Keys to Abandon Smallness, Overcome Criticism, and Be All That You Were Meant to Be. The book is based out of the story of King David dancing in the street while his wife was watching from the window criticizing him. We all have the choice to be a street dancer or a window watcher. Pastor Kevin talks about the release of his new book, gives examples of what it looks like when a team is leading from a place of internal smallness (9:06), what the bigger me sounds like (15:06), risking exposure (19:00), being vulnerable (23:36), and telling us what street dancing looks like on our teams (24:50).
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Lane Beene is with Pilot Properties and owns almost 700 apartment units. This recently retired Lt. Colonel graduated from the US Air Force Academy and flew combat F16’s for over 28 years. Less than 15 years ago, he started with one single family home and turned that into a large multi-million dollar apartment portfolio…all during the time he was serving in the military. He is direct. He is smart. You need to listen to him if you are new to real estate investing. Risk. In life we all face some amount of risk. Risk should come with a reward. Too much risk exposure…could have detrimental affect on you and your investment. Risk can be analyzed, calculated and adjusted. In the podcast today, Lane discusses how to correctly understand risk. Longer Time, Lower Leverage, & Having a Cash Cushion can help to reduce risk. To contact Lane Beene: Lane.Beene@pilot-legacy.com
Each week on "You, Only Better" world-renowned orthopaedic surgeon Kevin Stone, MD imparts wisdom and inflames curiosity with reflections on patient care and our personal paths in becoming our fittest, strongest selves. This blog post, along with helpful resources, can be found here: stoneclinic.com/blog/risk-exposure-time For more information on Kevin Stone, M.D., please visit stoneclinic.com For more information on the podcast, please visit stoneclinic.com/youonlybetter
Mark Hebner summarizes the market's performance during the second quarter of 2019 and demonstrates the difficulty in picking the next asset class winner.
The ARMR Report covers Stock Market investing through the millennial lens. Today's focus: Major Changes to our Risk Monitor and IB Model portfolios Bottom line: Our proprietary Stock Market investing algorithms suggest adding risk is appropriate Bonus: Important Cannabis News update Cresco Labs acquisition, Florida retail expansion and more This isn't your Dad's stock market and it certainly isn't your Granddad's. This is the millennial market and it requires millennial tools to excel. We will be sharing with you information directly off our trading desk with a focus on the interaction between traditional fundamental analysis and millennial execution. We begin each show by grinding the news of the day grist through the algorithmic mill. Our desire is to help you reduce the noise and manage your investments through the lens of reward vs risk instead of traditional fear vs greed. You have heard the terms “Risk On” or “Risk Off” but what does that mean and how does it effect your investing portfolio? The ARMR Report has the answers and will help you manage risk to improve your investment results no matter what strategy you employ.
The ARMR Report covers Stock Market investing through the millennial lens. This isn't your Dad's stock market and it certainly isn't your Granddad's. This is the millennial market and it requires millennial tools to excel. We will be sharing with you information directly off our trading desk with a focus on the interaction between traditional fundamental analysis and millennial execution. We begin each show by grinding the news of the day grist through the algorithmic mill. Our desire is to help you reduce the noise and manage your investments through the lens of reward vs risk instead of traditional fear vs greed. Today's focus: All 5 Indexes in Cash position Bottom line: When all 5 SPY DIA QQQ IWM MDY are in cash positions based on Long only rcmAlgos then time for capital preservation at its apex. I will discuss what our trading desk is doing from here. You have heard the terms “Risk On” or “Risk Off” but what does that mean and how does it effect your investing portfolio? The ARMR Report has the answers and will help you manage risk to improve your investment results no matter what strategy you employ. Algorithms are required to effectively manage investment risk and the ARMR Report is your all access pass into the realm of high speed computer modeling and mathematical calculations designed to help you protect capital when necessary and capture upside when possible.
The ARMR Report covers Stock Market investing through the millennial lens. This isn't your Dad's stock market and it certainly isn't your Granddad's. This is the millennial market and it requires millennial tools to excel. We will be sharing with you information directly off our trading desk with a focus on the interaction between traditional fundamental analysis and millennial execution. We begin each show by grinding the news of the day grist through the algorithmic mill. Our desire is to help you reduce the noise and manage your investments through the lens of reward vs risk instead of traditional fear vs greed. Today's focus: DOW Jones DIA hits Trailed Stop Bottom line: Now only S&P500 SPY remains in the Risk On category with reduced exposure. 4 of 5 big indexes are in cash positions based on ARMR algo You have heard the terms “Risk On” or “Risk Off” but what does that mean and how does it effect your investing portfolio? The ARMR Report has the answers and will help you manage risk to improve your investment results no matter what strategy you employ. Algorithms are required to effectively manage investment risk and the ARMR Report is your all access pass into the realm of high speed computer modeling and mathematical calculations designed to help you protect capital when necessary and capture upside when possible.
The ARMR Report covers Stock Market investing through the millennial lens. This isn't your Dad's stock market and it certainly isn't your Granddad's. This is the millennial market and it requires millennial tools to excel. We will be sharing with you information directly off our trading desk with a focus on the interaction between traditional fundamental analysis and millennial execution. We begin each show by grinding the news of the day grist through the algorithmic mill. Our desire is to help you reduce the noise and manage your investments through the lens of reward vs risk instead of traditional fear vs greed. Today's focus: Is the rally from 7/5/18 in jeaprody for SPY QQQ DIA? Bottom line: 10/4 saw the opposite trade from the prior 7 days. Markets rallied from 2:30 - 4 after big selling all morning. The selloff so far is within the normal range of this current rally. You have heard the terms “Risk On” or “Risk Off” but what does that mean and how does it effect your investing portfolio? The ARMR Report has the answers and will help you manage risk to improve your investment results no matter what strategy you employ. Algorithms are required to effectively manage investment risk and the ARMR Report is your all access pass into the realm of high speed computer modeling and mathematical calculations designed to help you protect capital when necessary and capture upside when possible.
The ARMR Report covers Stock Market investing through the millennial lens. This isn't your Dad's stock market and it certainly isn't your Granddad's. This is the millennial market and it requires millennial tools to excel. We will be sharing with you information directly off our trading desk with a focus on the interaction between traditional fundamental analysis and millennial execution. We begin each show by grinding the news of the day grist through the algorithmic mill. Our desire is to help you reduce the noise and manage your investments through the lens of reward vs risk instead of traditional fear vs greed. Today's focus:QQQ Risk Off on Friday and SPY DIA Risk Reduce Bottom line: Last 2 days markets rallied from 2:30 - 4 after big selling all morning. The selloff so far is within the normal range of this current rally but in serious jeaprody of ending the run You have heard the terms “Risk On” or “Risk Off” but what does that mean and how does it effect your investing portfolio? The ARMR Report has the answers and will help you manage risk to improve your investment results no matter what strategy you employ. Algorithms are required to effectively manage investment risk and the ARMR Report is your all access pass into the realm of high speed computer modeling and mathematical calculations designed to help you protect capital when necessary and capture upside when possible.
The ARMR Report covers Stock Market investing through the millennial lens. This isn't your Dad's stock market and it certainly isn't your Granddad's. This is the millennial market and it requires millennial tools to excel. We will be sharing with you information directly off our trading desk with a focus on the interaction between traditional fundamental analysis and millennial execution. We begin each show by grinding the news of the day grist through the algorithmic mill. Our desire is to help you reduce the noise and manage your investments through the lens of reward vs risk instead of traditional fear vs greed. Today's focus: Is the rally from 7/5/18 in jeaprody for SPY QQQ DIA? Bottom line: 10/4 saw the opposite trade from the prior 7 days. Markets rallied from 2:30 - 4 after big selling all morning. The selloff so far is within the normal range of this current rally. You have heard the terms “Risk On” or “Risk Off” but what does that mean and how does it effect your investing portfolio? The ARMR Report has the answers and will help you manage risk to improve your investment results no matter what strategy you employ. Algorithms are required to effectively manage investment risk and the ARMR Report is your all access pass into the realm of high speed computer modeling and mathematical calculations designed to help you protect capital when necessary and capture upside when possible.
The ARMR Report covers Stock Market investing through the millennial lens. This isn't your Dad's stock market and it certainly isn't your Granddad's. This is the millennial market and it requires millennial tools to excel. We will be sharing with you information directly off our trading desk with a focus on the interaction between traditional fundamental analysis and millennial execution. We begin each show by grinding the news of the day grist through the algorithmic mill. Our desire is to help you reduce the noise and manage your investments through the lens of reward vs risk instead of traditional fear vs greed. Today's focus: Is the rally from 7/5/18 in jeaprody for SPY QQQ DIA? Bottom line: If today ends up as day 8 of afternoon selling we may be dramatically changing our risk stance on the trading desk. You have heard the terms “Risk On” or “Risk Off” but what does that mean and how does it effect your investing portfolio? The ARMR Report has the answers and will help you manage risk to improve your investment results no matter what strategy you employ. Algorithms are required to effectively manage investment risk and the ARMR Report is your all access pass into the realm of high speed computer modeling and mathematical calculations designed to help you protect capital when necessary and capture upside when possible.
We have a special guest for this week’s podcast – Dr. Richard Smith, whose portfolio software TradeStops has helped thousands of investors to maximize their potential upside while slashing risk aggressively, down to the bone. Yesterday, 14,000 people signed up for his free online presentation where he revealed his latest breakthrough. It’s called ‘Ideas’. Learn more at www.investorhourideas.com Porter makes sense of Facebook’s dramatic selloff last week, and why he’s advising his readers to continue holding the stock for now – even though he’s telling fence-sitters not to enter new positions of Facebook just yet. Buck brings up the latest in the PC culture war – a bid to rename what may be the most liberal city in Dixie. He also explains why they’ll likely succeed, even though the name Yale, named after a slave trader, is still untouchable.
Srinivas Dhulipala, founder of credit hedge fund Kildonan Castle Asset Management, on why rate volatility presents the single-biggest risk to the high-yield credit market. Shira Ovide, Bloomberg Gadfly technology columnist, on Amazon CEO Jeff Bezos' annual shareholder letter, and Facebook building a team to design its own chips. Frank Holmes, CEO and CIO of US Global Investors, on the case for gold. Richard Conn, Managing Partner of Eurasia Advisors, on US-Russia relations, impact of sanctions, ruble outlook, and what response would be effective in dealing with Moscow.
Risk Exposure. If you're going into a pitch meeting/proposal/employment scenario this coming week, there no better person than Peter Sorensen to explain the awareness of your risk exposure to the situation in which you're navigating.
Risk Exposure. If you're going into a pitch meeting/proposal/employment scenario this coming week, there no better person than Peter Sorensen to explain the awareness of your risk exposure to the situation in which you're navigating. It's a topic with which I have been fascinated and give my most intense focus whenever Peter and I talk. Peter and I go back to 2001 when I was creating the marketing ideas and imaging for AM840 KXNT/Las Vegas and it's clients. I consider him to be in a fraternity of about 3-4 people who are the most intelligent I know. Listen to his takeaways. Reach out to him if you have questions about this week's appointmenets for propsperity. Hit him up on Twitter at @Peter_Sorensen. Jim has been a professional voice over/video and audio producer/branding dude since 1996. He's voiced well over 1000 scripts for clients who include the likes of Coca-Cola, Jose Cuervo, and Home Depot. He's produced hundreds of script-less unposed videos for hundreds of business folk, artists, musicians and speakers. Jim has also coached hundreds of people from various backgrounds how to do voice overs and is available for coaching that includes demo production packages. Follow Jim here: Website: www.jimmccarthyvoiceovers.com mccarthy.media Facebook: www.facebook.com/jimmccarthyvos Twitter: https://www.twitter.com/jimmccarthyvos Instagram: https://www.instagram.com/jimmccarthyvos/ LinkedIn: http://www.linkedin.com/in/jimmccarthyvidsigs/ Snapchat: JimMcCarthyVOs
Most healthcare organizations are aware that they must provide interpreting services to effectively communicate with patients, families, and companions; however, many Risk Managers are unaware of the liability if interpreting or other language assistance services are not provided. This session provides an overview of many of the available methods of providing interpreting services, what to look for when assessing your Language Services program and discusses areas of exposure to liability for hospitals and physician office practices. Carolyn Hager Language Services Director Advocate Health Care
DDP: BROADCASTING ON Flame Christian and Community Radio:1521 MEDIUM WAVE in the North West of England at 7:45 am and 8:45 am and 1:05 pm every weekday or online: http://flameradio.orgMark and Pete, that 2 handed podcast http://www.markandpete.comThe Good News Show https://www.spreaker.com/show/the-good-news-showPeter's Youtube Channel: https://www.youtube.com/goodnewsthismorningContact Peter: peter@dailydevotionalpreaching.com or Twitter @withpetercooperHere's a devotional thought for your daily prayer or quiet time. Subscribe for daily devotions, you can subscribe on iTunes too. A few short minutes of Biblical insight for you regular quiet time.If you like the show, please leave a comment on speaker.com or a review on iTunes: it really helps.
DDP: BROADCASTING ON Flame Christian and Community Radio:1521 MEDIUM WAVE in the North West of England at 7:45 am and 8:45 am and 1:05 pm every weekday or online: http://flameradio.org Mark and Pete, that 2 handed podcast http://www.markandpete.com The Good News Show https://www.spreaker.com/show/the-good-news-show Peter's Youtube Channel: https://www.youtube.com/goodnewsthismorning Contact Peter: peter@dailydevotionalpreaching.com or Twitter @withpetercooperHere's a devotional thought for your daily prayer or quiet time. Subscribe for daily devotions, you can subscribe on iTunes too. A few short minutes of Biblical insight for you regular quiet time. If you like the show, please leave a comment on speaker.com or a review on iTunes: it really helps.
DDP: BROADCASTING ON Flame Christian and Community Radio:1521 MEDIUM WAVE in the North West of England at 7:45 am and 8:45 am and 1:05 pm every weekday or online: http://flameradio.orgMark and Pete, that 2 handed podcast http://www.markandpete.comThe Good News Show https://www.spreaker.com/show/the-good-news-showPeter's Youtube Channel: https://www.youtube.com/goodnewsthismorningContact Peter: peter@dailydevotionalpreaching.com or Twitter @withpetercooperHere's a devotional thought for your daily prayer or quiet time. Subscribe for daily devotions, you can subscribe on iTunes too. A few short minutes of Biblical insight for you regular quiet time.If you like the show, please leave a comment on speaker.com or a review on iTunes: it really helps.
DDP: BROADCASTING ON Flame Christian and Community Radio:1521 MEDIUM WAVE in the North West of England at 7:45 am and 8:45 am and 1:05 pm every weekday or online: http://flameradio.orgMark and Pete, that 2 handed podcast http://www.markandpete.comThe Good News Show https://www.spreaker.com/show/the-good-news-showPeter's Youtube Channel: https://www.youtube.com/goodnewsthismorningContact Peter: peter@dailydevotionalpreaching.com or Twitter @withpetercooperHere's a devotional thought for your daily prayer or quiet time. Subscribe for daily devotions, you can subscribe on iTunes too. A few short minutes of Biblical insight for you regular quiet time.If you like the show, please leave a comment on speaker.com or a review on iTunes: it really helps.
Golf as exercise? TOOL: MIT Bitcoin Projects http://mitbitcoinproject.org Ethos: https://www.youtube.com/watch?v=qUftGCQ5dqo Fireflies: https://www.youtube.com/watch?v=I8O1YpLqTzI Tomorrow Market: https://www.youtube.com/watch?v=paEmkhl4sro Will Apple kill Bitcoin? http://www.wired.com/2014/08/will-apple-kill-off-the-credit-card/ Sponsor: http://Brawker.com Sponsor: http://BitPing.org Sponsor: http://Libertemining.com GURU: Hal Finney http://blogs.wsj.com/moneybeat/2014/08/29/hal-finney-and-bitcoins-earliest-days/ https://bitcointalk.org/index.php?topic=155054.0 Satoshi’s Corner: emails with Hal Finney 12 Step Program for Active Investors: Step 11: Risk Exposure (ifa.com) Use LTB app Scottish Independence and currency – use Bitcoin? […]
Interview with J. David Hawkins, PhD, author of Sustained Decreases in Risk Exposure and Youth Problem Behaviors After Installation of the Communities That Care Prevention System in a Randomized Trial
This paper analyzes the numerical impact of different surplus distribution mechanisms on the risk exposure of a life insurance company selling with profit life insurance policies with a cliquet-style interest rate guarantee. Three representative companies are considered, each using a different type of surplus distribution: A mechanism, where the guaranteed interest rate also applies to surplus that has been credited in the past, a slightly less restrictive type in which a guaranteed rate of interest of 0% applies to past surplus, and a third mechanism that allows for the company to use former surplus in order to compensate for underperformance in “bad” years. Our study demonstrates that regulators should be very careful in deciding which design of a distribution mechanism is to be enforced. Within our model framework, a distribution mechanism of the third type yields preferable results with respect to the considered risk measure. In particular, throughout the analysis, our representative company 3 faces ceteris paribus a significantly lower shortfall risk than the other two companies. Requiring “strong” guarantees puts companies at a significant competitive disad¬vantage relative to insurers which are subject to regulation that only requires the third type of surplus distribution mechanism. This is particularly true, if annual minimum participation in the insurer’s investment returns is mandatory for long term contracts.
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