Tag: risk
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Why the Next Financial Crisis Will Be Caused by an Algorithm Nobody Understands
Algorithmic trading, AI risk models, and HFT have created systemic financial risks that regulators cannot understand or control before damage is done.
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The History of Marine Insurance
From Venetian bottomry loans to Lloyd's Coffee House, marine insurance solved the problem that prevented large-scale commercial voyages: how to distribute catastrophic risk across enough counterparties that no single loss could destroy a merchant's capital.
