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Template:Apocalypse maxim: Difference between revisions
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''Before'' it, there were twenty million dollars of annual revenues at stake: few individual risk managers will be prepared to blow up a key client on their own initiative, without diffusing responsibility through some kind of institutional [[Escalation circle|escalations]]. But going to a Counterparty Risk Oversight Committee takes time. And CROCs are fraught, intimidating things. To recommend affronting a [[platinum client]] is to invite a shellacking from those a long way further up the tree than you. | ''Before'' it, there were twenty million dollars of annual revenues at stake: few individual risk managers will be prepared to blow up a key client on their own initiative, without diffusing responsibility through some kind of institutional [[Escalation circle|escalations]]. But going to a Counterparty Risk Oversight Committee takes time. And CROCs are fraught, intimidating things. To recommend affronting a [[platinum client]] is to invite a shellacking from those a long way further up the tree than you. | ||
Now: if ''these'' are the options, and our valiant risk manager doesn’t yet have that twenty-twenty hindsight of what might come about tomorrow — she won’t remember, | Now: if ''these'' are the options, and our valiant risk manager doesn’t yet have that twenty-twenty hindsight of what might come about tomorrow — she won’t remember, [[Q.E.D.]] — is it any wonder she’ll be tempted to do nothing? | ||
{{maxim|Before an apocalypse becomes an apocalypse, it doesn’t look like an apocalypse]]. | {{maxim|Before an apocalypse becomes an apocalypse, it doesn’t look like an apocalypse]]. | ||