28 January 2008 - rogue trader 2

Clearly the market model needs to be adjusted to account for the change in prevailing conditions. The last big scandals like this were 1995 and 1996, so I’ll set the characteristic time t=10 years for internal controls to relax. It’s close enough. Now, how to estimate future turnover rates and security complexity.... You know, maybe I’d be better off skipping all this analysis and selling a carbon offset for the electricity I saved.