Crack drafting squad
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People Anatomy™
A spotter’s guide to the men and women of finance.
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Amongst the jobsworths, the slouches, the vain contrarians and jouneypersons, there are some ninjas. It is as well to recognise them when you see them. These are the crack drafting squads — paramilitary-trained professional vocabulary marksmen and markswomen of the financial services industry. They will stop at nothing to convolute the simple and, by heroic over-description, render the mundane impenetrable.
The best are those in the employ of ISDA. They came up with the quintuple negative in the definition of Indemnifiable Taxes after all.
But for sheer weight of volume and multi-lingual capability, the European Commission’s vicious mercenary wordsmiths — they who contrived “and, as the case may be, or”, after all — run the derivatives guys pretty close.