Keynote address to OpRisk Europe Conference, 21 March, London:

All risk is subjective. “Risk” is a word that refers to the future, and that exists only in the imagination.
Risk management involves speculating about this future, about things that could go wrong, and about ways of preventing them.
In recent years, in the public sector and throughout the […]

Summary of presentation for CRIMS (Canadian Risk and Insurance Management Society) conference, Calgary, 17-20 September 2006.
It is important to be clear about the type of risk you are dealing with. Directly perceptible risks are dealt with instinctively and intuitively. Virtual risks are culturally constructed – when the science is inconclusive people are liberated to argue […]