Sharon Lu

454 posts

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Sharon Lu

Sharon Lu

@SwitchSharonOn

Fintech Disruption = new ways of (re)organizing economic activity enabled by tech, creativity, purpose. Projs: tail-risk hedge, crypto primitives, NFTs, DAOs.

Sydney, Australia Katılım Haziran 2009
1.5K Takip Edilen815 Takipçiler
Sharon Lu
Sharon Lu@SwitchSharonOn·
@phenrikand @OttoJacobsson @APRAinfo @BIS_org Retail banking have changed a lot since the 1980s, basel / capital adequacy has replaced simplistic 'cash reserve ratio' and aims to standardize globally. Adequacy also extends (inclusive) of cash reserves % of deposits beyond to equity.
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Henrik Andersson
Henrik Andersson@phenrikand·
Reminder that bank’s reserve requirement is 0, ie they don’t need to hold any liquid assets.
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Sharon Lu
Sharon Lu@SwitchSharonOn·
@phenrikand @OttoJacobsson @APRAinfo All banks under Basel 3 would use a similar form of statutory disclosure, which shows how they calc capital adequacy ratio. Agree from jurisdiction to jurisdiction, @BIS_org allows leeway for each regulator to specify liquid instruments. Hope that helps clarify.
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Sharon Lu
Sharon Lu@SwitchSharonOn·
@phenrikand @OttoJacobsson @APRAinfo Here's an example of instruments reconciled against liabilities and equity. I chose a regional Australian bank disclosure as it illustrates nicely on 1 page:
Sharon Lu tweet media
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Sharon Lu
Sharon Lu@SwitchSharonOn·
@phenrikand @OttoJacobsson I thought capital adequacy was 4.5~8.0% and @APRAinfo has been known to impose additional reserve requirements if identified risks in GRC, has something changed?
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Tom Gara
Tom Gara@tomgara·
Is this the first bank run since the financial crisis? Forgive me if there’s been like 500 niche bank runs since then, I don’t actually know what I’m talking about here
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Sharon Lu
Sharon Lu@SwitchSharonOn·
@eddiecowan @Qantas When your org has become more expert at white label marketing than product delivery (in-house product included) the lack of product control really shows
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Ed Cowan
Ed Cowan@eddiecowan·
Sense checking my anger. All feedback welcome. 1. Buy @Qantas insurance. 2. Qantas flight delayed over night - notified via text on way to airport due to mechanical error 3. Claim for one night accom - about 1/4 the price of insurance. 4. Claim rejected 😡🤯
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Snoop Dogg
Snoop Dogg@SnoopDogg·
Should I run Twitter ?
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Sharon Lu retweetledi
Andrew Ng
Andrew Ng@AndrewYNg·
1/Large language models like Galactica and ChatGPT can spout nonsense in a confident, authoritative tone. This overconfidence - which reflects the data they’re trained on - makes them more likely to mislead.
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Sharon Lu
Sharon Lu@SwitchSharonOn·
@paulwallbank @GregBris @GrogsGamut Given lack of choice, I imagine the disclaimer "if you have concerns, speak to someone" will result in the production manager explicitly marking on that reel not to use the footage. Still interested whether opt out vs opt in holds up in court - @CoffeeandaCase1 ?
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Sharon Lu
Sharon Lu@SwitchSharonOn·
@paulwallbank @shannonmrogers segue: this has so many interesting implications in court. Take Tiktokers, especially those who film unwitting participants in their "random hacks of kindness" for likes (is it non-monetary at face value or ultimately commercial?)
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Sharon Lu retweetledi
Arthur Hayes
Arthur Hayes@CryptoHayes·
1/ What happens now that Baron CZ passed on FTX bailout and SBF is bankrupt. The next question is who could save FTX?
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Keşfet

@phenrikand @OttoJacobsson @APRAinfo @BIS_org @tomgara @eddiecowan @Qantas @nibhealth