Archegos
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Risk Anatomy™
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No. It’s still too soon. But no better a reminder of the really important client paradox. The one that the CEO really wants to happen? It is time for one of our little dramatic vignettes, readers.
Three years pass. Suddenly, a large explosion offstage. Alarum within. Enter HANK, CHIP, CHUCK, with Attendants, encountering a bleeding Chief Risk Officer, lying near the billowing wreckage of a prime brokerage business.
HANK: “Oh, brave Chief Risk Officer! You shall not have died in vain!”
CHIP (kneeing over the stricken officer): “Sir! He’s not dead!”
HANK: “Oh, brave, brave risk manager! Mortally wounded by this calumny of no-one’s doing —”
CHIEF RISK OFFICER: (sitting up, weakly): “As a matter of fact, I’m feeling a bit better now. I ... think —”
HANK nods discreetly to CHUCK, who whips out a dagger and slides it between CHIEF RISK OFFICER’s ribs. CHIEF RISK OFFICER groans and falls back, lifeless.
HANK: “Oh, brave Chief Risk Officer who, when it seemed he was about to recover, suddenly felt the icy hand of death upon him: you shall not have died in vain. You died to pay for our sins, that we might be forgiven by our institutional shareholders.”
CHIP: “I say, steady on old man: let’s not get carried away with the religious allegories shall we?”