Operations: Difference between revisions

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{{g}}The dirty, low-profile, undignified business of actually complying with all the fantastical confabulations that [[sales]], [[trading]] and [[Mediocre lawyer|the legal profession]] put the bank into.
{{a|people|}}The dirty, low-profile, undignified business of actually complying with all the fantastical confabulations that [[sales]], [[trading]] and [[Mediocre lawyer|the legal profession]] put the bank into.


It is astounding how little resemblance these manicured legal {{t|contract}}s bear to the actual ebbs and flows of operational systems in a bank. Since lawyers never see the latter, this is of no moment to them, but they will spend weeks arguing amongst themselves to shut down the paranoid contingencies that populate the [[René Descartes|Cartesian]] theatre of a lawyer’s imagination, notwithstanding that they've never manifested themselves [[Chicken Licken|in anyone’s actual experience]]. See, for example: [[close-out netting]]; [[cross default]]; [[NAV trigger]]s.
It is astounding how little resemblance these manicured legal {{t|contract}}s bear to the actual ebbs and flows of operational systems in a bank. Since lawyers never see the latter, this is of no moment to them, but they will spend weeks arguing amongst themselves to shut down the paranoid contingencies that populate the [[René Descartes|Cartesian]] theatre of a lawyer’s imagination, notwithstanding that they've never manifested themselves [[Chicken Licken|in anyone’s actual experience]]. See, for example: [[close-out netting]]; [[cross default]]; [[NAV trigger]]s.

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