Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
the point of developing all these derivative products is partly to spread the risk, but also to render it so complex and opaque that risk analysis becomes virtually impossible.

So on the one hand blame would be placed with people who designed the system this way. on the other it could be placed on people who misused the system in this way.

Surely this would be visible and provable by looking at either the amount of risk analysis staff, or the ammount of risk analysis paperwork produced in the derivative departments.  If the apropriate risk analysis wasn't built into the derivative departments as they started then it would show intent.

Any idiot can face a crisis - it's day to day living that wears you out.

by ceebs (ceebs (at) eurotrib (dot) com) on Mon Mar 23rd, 2009 at 08:11:19 PM EST
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