Research track

Market risk

Regulatory risk architecture — stress testing, trading-book capital and limit frameworks — and what a single continuously computed risk state would replace.

Notes on this track go here. Edit src/content/tracks/market-risk.md.

Related pieces

The compensating structure

Most institutional AI work is tooling: it makes an existing process cheaper or faster and leaves the shape of the business unchanged. The alternative starts from one question — what does this let us stop doing? — and the answer is usually a compensating structure: a body of process, infrastructure and convention that exists only because a particular piece of information could not be read. Three cases from unrelated businesses share the identical shape.

Draft for discussion