The SKADI Podcast

SKADI
  • 0.0 (0)
  • Business
  • Updated Semimonthly

Trading together since the 1990s hosts Nic and Damian help audit, legal and investigation teams at some of the largest firms. They have seen first hand the impact of financial crises, regulatory and cultural shifts, the advance of technology and its impact on the flow of information, management of risk and ease of execution. Nic's knowledge of Credit, Hybrid Debt, Private and Public Issuance compliments Damian's experience as a Relative Value, Risk Arbitrage Equity specialist. Together they host the SKADI podcast and are on a mission to help others make sense of the mysteries of Finance!

  1. 3d ago

    65. Can I buy some Taylor Woodrow?

    A warning, this episode of the SKADI podcast contains extremely strong language. 14 years ago the, now infamous, Taylor Woodrow Broker call appeared on Youtube. The four minute clip provides a unique glimpse catching the interaction between a trader and inter-dealer broker. Damian and Nic recreate the call, and set out to examine the conduct, culture and operational mechanics of the interaction. The call serves as a case study on historic market conduct. This episode will be of particular interest to traders, inter dealer brokers, internal auditors, compliance, Human and Employee Relations, investigation teams, lawyers and anyone involved in Market Conduct. More about SKADI: Website: www.skadilimited.com X: https://x.com/skadilimited Linkedin: https://www.linkedin.com/company/skadi-limited Instagram: https://www.instagram.com/skadilimited/ The Original Taylor Woodrow Youtube clip can be found here: https://youtu.be/uIhSA2b8GE8?si=7u3qhSK7KwHdiJ6T Nic's Linkedin article can be found here: https://www.linkedin.com/pulse/tales-idb-taylor-woodrow-broker-call-nicolas-corry-3rigf

  2. Sep 11

    64. Trading Through Tragedy: 9/11 Reflections

    Twenty-five years on, Nic and Damian look back at September 11, 2001 — from the perspective of two traders who were at work as the events unfolded. There was no script that day. Information arrived in fragments, the markets were reacting, and nobody knew what was going to happen next. What did we know when the first reports came through? How did our understanding change as the second aircraft hit the South Tower, the Pentagon was attacked and Flight 93 came down in Pennsylvania? And what did it mean for people inside a major financial institution, trying to understand their exposures, manage risk and make decisions in real time? This isn't a history lesson or a detailed retelling of 9/11. It's a personal reflection on what it was like to experience that extraordinary day from inside a trading room — and on the challenges of decision-making, risk management and communication when the information available to you is incomplete and events are moving faster than you can understand them. For traders, risk professionals, auditors, compliance and investigation teams, and anyone interested in how financial institutions respond to extreme uncertainty, there are some familiar themes here. Twenty-five years later, hindsight gives us the complete story. On the day itself, we had almost none of it. More about SKADI: Website: www.skadilimited.com X: https://x.com/skadilimited Linkedin: https://www.linkedin.com/company/skadi-limited Instagram: https://www.instagram.com/skadilimited/

  3. Sep 10

    63. Radiant World: What Are the Lessons for Lenders?

    In this episode, Nic and Damian examine the collapse of Radiant World and ask a broader question: what are the lessons for lenders? Radiant World became a significant player in the global iron ore market. Its rapid growth, extensive trading relationships and use of trade finance provide the backdrop for a discussion about how commodity transactions are financed — and what can happen when the underlying assets, invoices or claims supporting that finance are not independently verified. The episode looks at the mechanics and scale of iron ore trading, the history and growth of Radiant World, and the relationships it developed with major counterparties including Glencore. Against that background, Nic and Damian consider the allegations surrounding the use of invoices and other documentation to obtain finance, the importance of independent verification, and the difficulties lenders can face in establishing who really has a claim on an asset. But Radiant World is not the only case that raises these questions. Why do banks and other financial institutions keep getting caught out in collateralised lending? Why can lenders have difficulty establishing who really owns, controls or has a claim against an asset? And are we seeing repeated structural weaknesses in the way collateralised and trade-backed lending is conducted? Nic and Damian draw comparisons with previous commodity-finance failures and consider what lenders, auditors, investigators and risk professionals should be looking for when assessing the reality behind the documents. This episode will be of particular interest to lenders, trade-finance professionals, internal auditors, compliance and investigation teams, lawyers and anyone involved in commodity finance or collateralised lending. More about SKADI: Website: www.skadilimited.com X: https://x.com/skadilimited Linkedin: https://www.linkedin.com/company/skadi-limited Instagram: https://www.instagram.com/skadilimited/

  4. May 18

    62. Private Debt, Lehman and Livedoor

    In February 2005, while the Convertible Bond market languished in a vicious volatility crunch, Lehman Brothers in Tokyo stunned the market, privately financing a Moving Strike Convertible Bond for Livedoor. The Yen 80bn deal, worth approximately US$750m, purportedly made Lehman Brothers US$140m. But at what cost? Livedoor was later found to be an Enron style fraud, and the flamboyant Chief Executive Takafumie Horie faced jail. Using the Livedoor MSCB as a case study, Nic examines some of the risks and pitfalls of Private debt financing, and what Auditors, Compliance, Investigators and Litigators should be on the lookout for. #privatedebt #deathspiral #Japan #finance More about SKADI: Website: www.skadilimited.com X: https://x.com/skadilimited Linkedin: https://www.linkedin.com/company/skadi-limited Instagram: https://www.instagram.com/skadilimited/

  5. May 2

    61. Lorna Hajdini and Chirayu Rana, Investigation over Speculation

    On May 1st 2026 the "Internet blew up!". Cannons, Fish heads, the intoxicating mix of sex, money and power. A now retracted court filing latched on to by the Daily Mail drew attention to a complex people investigation conducted by the Investment Banking giant JP Morgan. Thousands of reels, memes, carousels, generated on social media as the case played out in the court of public opinion. 12 months previously in May 2025 an employee filed an internal complaint which according to "sources" alleged race and gender-based harassment and abuse of power, before trying to negotiate a payoff that ran into “millions” to leave the company. Having conducted 16 significant regulatory, whistleblow and people investigations for peers of JP Morgan, Nic offers insights into how investigating this challenging conundrum may have been approached. #investigations #finance #race #metoo More about SKADI: Website: www.skadilimited.com X: https://x.com/skadilimited Linkedin: https://www.linkedin.com/company/skadi-limited Instagram: https://www.instagram.com/skadilimited/

  6. Apr 17

    60. Embedded AI - the Iceberg Risk for Sales

    The Titanic was promoted as unsinkable, equipped with state-of-the-art safety features. But on April 15, 1912, it struck an iceberg, leading to one of the deadliest maritime disasters. This narrative serves as a powerful metaphor for the risks facing the sales industry today, particularly with the rise of AI and automated systems that, while designed to enhance efficiency, may introduce significant risks. As we embed AI into Sales and Distribution efforts, are we inadvertently inviting in behaviours which have taken decades to root out? Building on the previous episode on the SKADI podcast, we ask whether there is now an increased risk of mis-selling, due to Sycophantic AI's propensity to select from which truths to serve up to the user. Indeed glossing over, or even suppressing risks and negative features. A classic recipe for mis-selling.... #AI #Sales #IFA #Investmentadvice #Risk #Audit #Investigations More about SKADI: Website: www.skadilimited.com X: https://x.com/skadilimited Linkedin: https://www.linkedin.com/company/skadi-limited Instagram: https://www.instagram.com/skadilimited/

  7. Apr 8

    59. AI Sycophancy - Trading's Emerging Risk

    Traders are often seen as cynical and paranoid individuals. But what happens when their reliance on technology, like AI, leads them to reinforce their biases instead of questioning their strategies? As trading teams get smaller, and roles are replaced with automation, are the controls devised over many decades fit for purpose in the emerging world of Generative AI? In this episode Nic takes a look at Sycophancy, and asks whether peer review risks being replaced with supportive AI, leading to increased risk taking, based on flawed assumptions. The recent paper by MIT academics Kartik Chandra, Max Kleiman-Weiner, Jonathan Ragan-Kelley, and Joshua B Tenebaum provides a useful look at "Sycophantic Chatbots cause Delusional Spiralling, even in ideal Bayesians". More about SKADI: Website: www.skadilimited.com X: https://x.com/skadilimited Linkedin: https://www.linkedin.com/company/skadi-limited Instagram: https://www.instagram.com/skadilimited/

  8. Mar 20

    58. Cornering Markets - Silver, Gold and Volkswagen

    In the world of finance, few attempts to corner a market are as infamous as that of the Hunt brothers' silver squeeze in the late 1970s. With the backdrop of inflation concerns and a shaky economy, these oil billionaires embarked on a quest to control the silver market. They amassed a massive position, causing silver prices to skyrocket from $6 to $50! But, as often is the way with high-risk games, it ended in disaster for them. 100 years earlier, an equally audacious attempt had been made to corner the Gold market. Nic and Damian also discuss the squeezy derivative trade which at one point made Volkswagen the largest stock in the world. What do these case studies tell us about present day markets? What are the red flags for auditors, compliance and surveillance staff? More about SKADI: Website: www.skadilimited.com X: https://x.com/skadilimited Linkedin: ttps://www.linkedin.com/company/skadi-limited Instagram: https://www.instagram.com/skadilimited/

See All (67)

Trailer

About

Trading together since the 1990s hosts Nic and Damian help audit, legal and investigation teams at some of the largest firms. They have seen first hand the impact of financial crises, regulatory and cultural shifts, the advance of technology and its impact on the flow of information, management of risk and ease of execution. Nic's knowledge of Credit, Hybrid Debt, Private and Public Issuance compliments Damian's experience as a Relative Value, Risk Arbitrage Equity specialist. Together they host the SKADI podcast and are on a mission to help others make sense of the mysteries of Finance!

Information

  • Creator
    SKADI
  • Years Active
    2020 - 2026
  • Episodes
    67
  • Rating
    Explicit
  • Copyright
    © SKADI
  • Show Website
    The SKADI Podcast

You Might Also Like