Books / Reading / Papers

Papers: Digital

GFTN Global: Digital Assets Report

This inaugural GFTN Global Digital Assets Report provides a comprehensive cross-jurisdictional analysis of the evolving digital asset ecosystem, focusing on market developments, regulatory trends, and forward-looking policy implications.
Nov '25 (227pp) 
https://gftn.co/gftn-insights/gftn-global-digital-assets-report
Excellent paper.


Papers: Operational Resilience

FCA P21/3: Building operational resilience: Feedback to CP19/32 and final rules
https://www.fca.org.uk/publication/policy/ps21-3-operational-resilience.pdf

The rules relating to Operational Resilience are covered in the FCA handbook SYSC (SYStems and Controls) 15A

Some useful external reference points.
Allianz Risk Barometer
https://commercial.allianz.com/news-and-insights/news/allianz-risk-barometer-2026.html

Gallagher (UK) - I stress, make sure you're on the UK site.
Business Risk Index
(may be easier to search their news for 'business risk index')
https://www.ajg.com/uk/news-and-insights/finding-the-right-managed-service-provider-for-your-business/-/media/files/gallagher/uk/campaigns/ggb_2025_uk_business-risk-index-launch/business-risk-index-report-2025.pdf

WEF
Global Risks Report
https://www.weforum.org/publications/global-risks-report-2026/


Papers: BMR



Books

 
The Tipping Point, Malcolm Gladwell.

I read this because I'm interested in the triggers for adoption (especially when you're looking at liquidity)

The Law of the Few: A small number of people drive most change
Not everyone matters equally in spreading ideas. Gladwell identifies three key influencer types:
• Connectors
People with unusually large and diverse social networks.
• Mavens
Information specialists who love to share knowledge and help others make decisions.
• Salesmen
Persuasive communicators who can influence behavior through charisma and trust.

My takeaway:
You need connectors. When you're trying to land a message, it is not always immediately apparent whom you need to drop that message on. People are constantly in a state of flux. A message delivered, may have wasted yesterday, however a small change to someones life, and it could super relevant tomorrow.
Like kids, you keep dropping pennies - and when the idea lands, its like they never heard what you said a 100 times before.
Steve Jobs was never a calligraphy major - but a little exposure created the Apple typeface.
IMHO, Connectors keep an open mind.
  
Mavens, They're great and we all rely on them. Some people are just natural fonts of knowledge and they love to share their experiences.
Mavens give you context around situations.

Salesmen. The best sales are those of belief and the convistion comes naturally.


The Power of Context: Environment shapes behavior
The example he uses is the “Broken Windows” theory. If you see one broken window, it becomes tempting (to a vagabond) to break the adjacent window. If you fix one broken window in time, it removes temptation.
Same applies on the tube. You turn a blind eye to one fare dodger - then everyone starts doing it.
Takeaway:
Visible disorder encourages more disorder. If every one is conforming, disruption is less appealing.

Short read - not spellbinding, so it took me a couple of bites. Glad I read it.


Ones to revisit.

I read Asimovs Foundation series in my youth.
Now, Second Foundation has grown to dominate European intraday trading — thanks to a group of puzzle-loving mathletes in Prague.
https://financialpost.com/pmn/business-pmn/the-sci-fi-quants-dominating-europes-most-volatile-power-market
This has re-kindled (ha, no pun intended) my appetite to re-read.

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