There is a introduction to risk at
Perhaps a posting to CYBCOM to test the water?
Certainly a website with papers for downloading and someone, Paul obviously,
available for interview etc, press statements by the joint societies. Might
WOSC be a suitable vehicle?
A list of topics subsumed in risk would help: personal assault, accident,
healthcare, accounting, investment, war, sustainability.... we need a big
list to extend and condense. Maybe, just maybe, this might become a vehicle
for extending forms of cheap social insurance into emerging nations.
This is a useful website
Clearly most of us will see "Cybernetics of risk" producing VSM. Other views
should be encouraged e.g. from IEEE Reliability Society
Now who might we eventually approach for a grant to attract good speakers
and influential attendees.....
----- Original Message -----
From: "Paul Stokes" <[log in to unmask]>
To: <[log in to unmask]>
Sent: Saturday, January 26, 2008 6:02 AM
Subject: Re: Risk Management
> Dear All,
> It seems to me that what is required today is an emergency summit meeting
> Cybernetics Societies Internationally on the topic of the Cybernetics of
> Risk: Managing the Future.
> This strikes me as being the uppermost topic of our times. Cybernetics
> should have something to say about designing robust systems and so it
> behoves us to take a public position.
> In any case case I propose that Metaphorum, the British Cybernetics
> the American Society for Cybernetics (sic.) and as many others as are
> willing shoud host this summit meeting within a year from now.
> Now is the time of our calling. We may never be called again.
> Of course we may want to have some private meetings about this . . .
> Your colleague and friend,
> Paul Stokes
> ----- Original Message -----
> From: "Roger Tessier" <[log in to unmask]>
> To: <[log in to unmask]>
> Sent: Saturday, January 26, 2008 2:19 AM
> Subject: Risk Management: International Banking
>>I have been intrigued by the discussions of safety in air travel, but the
>>front pages of my newspaper over the last few days make me wonder what
>>(or even obvious) insights the VSM offers with respect to the immediate
>>disaster at one of the world's largest banks, and the world economy.
>> As I understand it, a junior trader at Societe Generale SA (apologies for
>> missing accents) managed to lose his employer some $7 Billion through
>> fraudulent trades over an extended time. The story points out that he had
>> previously spent 5 years in the back offices, where he learned all about
>> the "six-layer security system" that prevented such things, but then he
>> switched jobs and became a trader, at roughly $150K per year.
>> The story also suggests that the drastic drop in world stock market
>> over the last few days was caused, or at least triggered, by the French
>> bank desperately dumping its holdings for cash, rather than the credit
>> collapse related to the pathological US sub-prime mortgage market.
>> How could such a person with so little authority cause such massive
>> disruption? Wasn't this all supposed to be fixed after Leeson/Barings and
>> Kidder Peabody and Sumitomo and WorldCom and Enron and so on?
>> So what's really going on here?
>> The system seems to be deeply flawed, and that's scary, given its scope.
>> Are we afraid?
>> For more information go to: www.metaphorum.org
>> For the Metaphorum Collaborative Working Environment (MCWE) go to:
> For more information go to: www.metaphorum.org
> For the Metaphorum Collaborative Working Environment (MCWE) go to:
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For more information go to: www.metaphorum.org
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