Comment Text:
CFTC Barry Commoner, Brian Wynne and other critics have expressed concerns that risk assessment tends to be overly quantitative and reductive. For example, they argue that risk assessments ignore qualitative differences among risks. Some charge that assessments may drop out important non-quantifiable or inaccessible information, such as variations among the classes of people exposed to hazards. Furthermore, Commoner and O'Brien claim that quantitative approaches divert attention from precautionary or preventative measures.Others, like Nicholas consider risk managers little more than "blind users" of statistical tools and methods.
http://www.cftc.gov/PressRoom/SpeechesTestimony/omaliastatement032114
within the financial system and upon national economies, banks are highly regulated in most countries. Most nations have a system known as fractional reserve banking, in which banks hold only a small reserve of the funds deposited and lend out the rest for profit. They are generally subject to minimum capital requirements based on an international set of capital standards, known as the Basel Accords. Banking in its modern sense evolved in the 14th century in the rich cities of Renaissance Italy but in many ways was a continuation of ideas and concepts of credit and lending that had its roots in the ancient world. In the history of banking, a number of banking dynasties have played a central role over many centuries. The oldest existing bank is Monte
http://www.occ.treas.gov/news-issuances/bulletins/2014/bulletin-2014-4.html
