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What is a dirty white swan and why should private banks care to find out?

What is a dirty white swan? If you don’t know the answer, chances are your business runs the risk of closure due to extreme but unexpected events. Based on Nassim Nicholas Taleb’s definition of the Black Swan  as infrequent events of extreme consequence that cannot be predicted in advance but are easily explained with hindsight, Claudia Zeisberger, affiliate professor of…

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