Recorded live at Baltic Fintech Days in Riga, this conversation with Olegs Cernisevs will change the way you think about risk forever. With 30 years of banking experience, a doctorate in economics, and a forthcoming book with Springer MacMillan, Olegs breaks down why the entire industry is measuring risk the wrong way and what to do instead.
In this episode you will hear why building a catalog of risks gives you almost no useful information, how splitting every risk into threats and vulnerabilities makes the unmeasurable suddenly measurable, why AML and compliance are not blocking your business but your misunderstanding of them is, and how standardising risk frameworks across Europe could transform how we value and compare financial institutions entirely.
Olegs also founded the Latvian Risk Management Association, affiliated with the European FMA, with one clear mission: to make risk a management tool rather than a checkbox. If you work in fintech, banking, or financial regulation, this is essential viewing.