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The International Colloquium on Performativity and the Governance of Actuarial Models discusses the emergence of a total and contextual ethics on financial markets. The concept of ethics in finance is ever-changing, and the relationship between ethics and finance has been significant since the 2008 financial crisis. The colloquium explores the dynamic space at the crossroads of finance, risk, models, and regulation, and how risk modeling has been involved in this space, leading to a risk of regulation. The speaker, Sabrina Abib, approaches the question through a qualitative and theoretical approach, examining the current literature on the topic. The discussion focuses on the meaning of efficient regulation, the endogenization of risk and pro-cyclicality, and the differentiation between risk and uncertainty. The speaker also explores the role of financial modeling, the complexity of modeling behaviors in uncertain situations, and the concept of uncertainty of models. Additionally, the discussion touches on systemic risk, regulations generating instability, and the shift from an industrial society to a society focusing on risk and its management. The overall goal is to understand the multiple ethics layers within the regulatory architecture and to reshape regulatory policy with the emergence of a total and contextual ethics.