Credit Risk · Climate · Digital Assets · AI
I'm Aman Makroo. I advise financial institutions on credit risk and the three forces reshaping it — climate, digital assets, and AI — and I write about risk thinking as a way of making better decisions everywhere.
What I do
The core discipline. IFRS 9 ECL, capital models, stress testing, underwriting — a decade across banks, regulators, and advisory building and validating the models institutions run on.
Physical and transition risk, OSFI B-15 and Climate Risk Returns, financed emissions, scenario analysis — turning climate from a disclosure exercise into a credit decision.
Stablecoins, tokenized deposits, and custody are competing for the balance sheet. The institutions that treat the risk framework as the product will own the next decade.
Model risk, third-party dependency, and decision automation inside financial institutions — where AI creates exposure, and where it quietly changes who is accountable.
Featured writing
Stablecoins and tokenized funds are competing for the liability side of the balance sheet, on both sides of the border. The banks that treat risk management as their product, not their obstacle, will own the next decade.
Banks have risk policies. Venture funds have investment theses. A framework for bringing the same rigour — limits, tolerance, appetite — to your own life.
Beyond the balance sheet
Limits, tolerance, appetite. Inversion, pre-commitment, the dichotomy of control. The tools institutions use to survive uncertainty work just as well on careers, health, and the decisions that shape a life — most people simply never apply them.
That conviction runs through everything I write, from boardroom perspectives to the Personal Risk Policy — a framework for bringing institutional rigour to personal decisions.
About me & my philosophy