Hindsight

The Devil’s Advocate™ Go Premium In which the curmudgeonly old sod puts the world to rights. Index — Click ᐅ to expand: The Devil’s Advocate Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.

'''JC''': [At the end of a characteristically rambling rant] “... so, I ask you: why is it we did such a bad job of stopping catastrophic risks from happening? LTCM, Amaranth, Enron, Global Crossing, Kerviel, Madoff, Bear Stearns, Lehman, LIBOR, Abolodoli, Theranos, London Whale, Mossack Fonseca, IMDB, Wirecard ...

Middle manager: [interrupting]: simply put we were not proactively looking for it we were not using data properly to evaluate risk. To add value as an in-house legal function we need to use innovative tools to crunch data, proactively spot emerging risks and escalates to business.”