Your English writing platform
Discover LudwigSimilar(59)
As Britain's biggest bank revealed it was putting aside $367m£218m8m) to cover compensation for mistakes in loan statements to UK customers, Douglas Flint said there was an "observable and growing danger of disproportionate risk aversion".
Douglas Flint, the chairman of HSBC, on Monday used unusually strong language to warn of an "observable and growing danger of disproportionate risk aversion" among staff who were fearful of fines.
"There is, however, an observable and growing danger of disproportionate risk aversion creeping into decision-making in our businesses as individuals, facing uncertainty as to what may be criticised with hindsight and perceiving a zero-tolerance of error, seek to protect themselves and the firm from future censure".
When Mr Prot warns of the dangers of a "market psychology of complete risk aversion," he sounds concerned, not gung-ho.
But risk aversion is spreading even to some companies not in immediate danger of running out of cash.
Risk aversion.
"Our 'competition' is risk aversion.
"Risk aversion is killing childhood", he said.
Part of the reason is risk aversion.
Several measures of risk aversion receded slightly.
Risk aversion has markets in its grip.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com