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...
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...
We recommend requiring banks to identify all internal investment portfolios that include derivatives over a specified notional size.
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.
The Model Review Group required only limited backtesting of the new model. . . . That is No. 1. It was critical of that limited backtesting.
That is OK. No, that is good.
Did you know that these limits were supposed to be reviewed every year?
Thank you.
Did the London traders have to get approval of the CIO risk managers like you to put on positions?
I do not know why those reports suddenly were not sent.