Stuff you should know

From The Jolly Contrarian
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The Devil’s Advocate

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In which the curmudgeonly old sod puts the world to rights.

Index — Click ᐅ to expand:

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In a desperate attempt to stop salespeople going, “hey legal eagles, can you read this email for me”, and to counterpoint lackadaisical credit officers saying, “the question of whether we have credit risk to our own bank account is a legal question on which I can’t opine”[1] we are running a snagging list of legal concepts about which no bank employee should plead ignorance. It is your job to know this stuff.

Stuff you should know, banker’s edition, then:

See also

Derivatives as explained to my neighbour Phil

References

  1. Real-life quote, by the way, from a managing director in a global investment bank, to which the retort should have been, but I regret to say was not, “pal, if you are really saying you don’t know that, you need to get your coat”.