Wall Street will never stop springing these surprises so long as :
1) Global bank regulation allows it.
2) Management of banks believe it will never happen to them.
3) Training of bank staff in risk management is universal and mandatory in an organization and, most importantly, goes all the way to the top.
The combination of arrogance and ignorance is a very dangerous thing!
Keith W. Waitt
President & CEO
President & CEO
Consultancy Matters LLC
