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Also! “Taleb will testify today before the U.S. Congress’s Committee on Financial Services about the establishment of the Office of Financial Research…

Nassim Taleb, author of “The Black
Swan,” will work with the International Monetary Fund on
drawing up measures to detect hidden risks in the financial
system for G-20 ministers and central bank governors.

Taleb will team up with the IMF’s Monetary and Capital
Markets department on a paper for the G-20 to develop ways to
apply his method for identifying tail risks, or the chances of
low probability, high-impact events, according to a letter from
Elie Canetti, an IMF adviser. He won’t be paid for his work and
he won’t speak on behalf of the IMF in public, Canetti said.