The operational problems--the spreadsheets, the lack of an automated database, the calculation and formula errors which lower these VaR results--were shocking and absolutely unacce...
Should the OCC have been informed about that?
Was it a coincidence that the way in which those marks were made changed to reduce the losses on the books at the time those losses were pil...
All right. So that this is wrong, this email is wrong. Is that correct?
the bank stopped sending the Investment Bank's daily profit and loss (P&L) data to the OCC.
Well, we have already covered some of the matters involving hidden financial risks, mismarking, breaches of risk limits, and public disclosu...
The Model Review Group required only limited backtesting of the new model. . . . That is No. 1. It was critical of that limited backtesting.
Did you know that these limits were supposed to be reviewed every year?
Thank you.
Regulators did not 'get the information' on those positions on a regular basis, did they?
Did the London traders have to get approval of the CIO risk managers like you to put on positions?