Author Archives: admin

Political Risk in the Middle East: The Emergence of Turkey

In case you missed the important and perceptive article by Doug Saunders, in Saturday’s Globe and Mail (“Why the West quietly cheers Turkey’s Rise,” 17 September 2011, A16: http://tinyurl.com/3sucw5d), here is a short summary: Turkish Prime Minister Recep Tayyip Erdogan … Continue reading

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Two United States Government Reports On the Gulf Oil Spill

Summaries – and links back to the originals – on the reports on the oil spill. Gulf Oil Spill Reports copy

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Prolonging the Agony: Europe’s Sovereign Debt Crisis

When will the senior political and financial leaders in European countries come to their senses? When will they concede that their current policies to contain the debt crisis are not working and cannot be made to work? How long are … Continue reading

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Three new papers on Risk

Three papers on risks associated with the long-term storage of high-level radioactive waste in Canada, mind commissioned by the Nuclear Waste Management Organization: Go to http://www.nwmo.ca/conceptofrisk Paper #1: How should matters of risk and safety be discussed? The first paper … Continue reading

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Risk Blogs – Summer 2011

The following series of short essays was written in the period June – August 2011 and posted on my website: www.leiss.ca. Similar pieces will be added to the series on a regular basis. If you are interested in them you … Continue reading

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Financial Risk Management: Duping the Rubes

Before 2008 financial industry professionals arranged to deceive local government officials around the world about the risks inherent in their “structured” products, pilule costing the citizens those officials worked for huge losses they could ill afford. Much of this sad … Continue reading

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Difficult Risk – Risk Tradeoffs: Political vs. Financial Risk in the EU

There was an important article by Jack Ewing and Liz Alderman in the August 10 edition of The New York Times, thumb entitled “Some in Germany want Greece to temporarily exit the Euro Zone.” This article takes up issues that … Continue reading

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Fat Tails and Climate Change: Catastrophic Failures in Risk Management, 5

The phrase “fat tails” became familiar to some people after the storm broke in 2008’s global financial crisis. A fat tail refers to the probability and consequences of a possible event that is outside the bounds of our normal expectations, … Continue reading

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Risk Management Cases: Drilling for Shale Gas

Environmental risks associated with drilling for shale gas, prescription and the extraction process known as “hydraulic fracturing” [“fracking”], are receiving a good deal of attention in Canada, the United States, and elsewhere. The state of New York has had a … Continue reading

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Financial Risk: The World turned Upside Down

Here’s the latest from the Greek debt crisis: “Europe is seeking to avoid a default at all cost because it could also initiate payment of credit-default swaps, there with unpredictable results. There is little public information on which financial institutions … Continue reading

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Catastrophic Failures in Risk Management, 4: The Terrorist Attack on Air-India Flight 182

The month of June 2011 marks the first anniversary of the release of Air India Flight 182: A Canadian Tragedy, illness the final report of the Commission of Inquiry into the Investigation of the Bombing of Air India Flight 182, … Continue reading

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Catastrophic Failures in Risk Management, 3: Blood Donation Risk and Gay Men

As we are now seeing in the long-running global financial crisis, decease the initial stages of catastrophic failures in risk management can have follow-on consequences over long periods of time. In the case of blood donation risk, the infection of … Continue reading

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Catastrophic Failures in Risk Management, 2: The Never-Ending Global Financial Crisis

With increasing frequency comments on the ongoing sovereign debt crisis in Greece and the euro zone include a reference to the need to avoid a repeat of the collapse of the investment bank Lehman Brothers in September 2008. The basis … Continue reading

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Blindsided by risk – presentation

Intergovernmental Forum on Risk Management 2011 Conference Board of Canada, Ottawa, May 2011 and the 3rd iNTeg-Risk Conference: “Risk vs. Risk” Stuttgart, Germany, June 2011. PDF version of slides here: Blindsided by Risk

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PPT presentation by Dr. Atsuo Kishimoto

Dr. Atsuo Kishimoto is a member of the Research Institute of Science for Safety and Sustainability (RISS), National Institute of Advanced Industrial Science and Technology (AIST) , Onogawa 16-1, Tsukuba 305-8569, Japan. This presentation was delivered at the iNTeg-Risk Annual … Continue reading

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New York Times helps us understand risk

The essential mission of risk management is to “anticipate and prevent or mitigate harms that may be avoidable.” The detailed, ed retrospective analysis of risk management failures is a crucial aspect of learning from mistakes and making the requisite changes … Continue reading

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Emerging Risks with the Potential For Catastrophic Losses

I am particularly concerned with emerging risks with the potential for catastrophic losses, which will be, in my view, an integral feature of an increasingly globally-interconnected world. Of course, this is an overriding concern for both the insurance and reinsurance … Continue reading

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Doom Loop available

In the past two years, unhealthy the world has experienced how unsound economic practices can disrupt global economic and social order. Today’s volatile global financial situation highlights the importance of managing risk and the consequences of poor decision making. The … Continue reading

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New article – Managing Prion Disease Risks

W. Leiss, seek M. G. Tyshenko, ailment N. Cashman, medicine D. Krewski, L. Lemyre, C. Amaratunga, M. Al-Zoughool. “Managing Prion Disease Risks: A Canadian Perspective.” International Journal of Risk Assessment and Management, Vol. 14, no. 5 (2010), 381-436. Abstract: This … Continue reading

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New appointment:

Member, for sale International Advisory Board, ed iNTeg-Risk (2011-2014), a Virtual Institute set up under the EU Seventh Framework Programme [EU-VRi], Stuttgart, Germany [http://www.integrisk.eu-vri.eu/]

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