If we had commissioned a report on contingency plans for FTX fraud (w/o predicting fraud, just saying what we’d do to mitigate the fallout if it happened) I think that would make us look prudent? Because it would have been prudent.
I’m no financial risk manager, but the point of having one is to figure out the set of things that are cost effective. I will bet a buttcheek that the number of common sense cost effective risk mitigation steps we could have taken is greater than zero.
If we had commissioned a report on contingency plans for FTX fraud (w/o predicting fraud, just saying what we’d do to mitigate the fallout if it happened) I think that would make us look prudent? Because it would have been prudent.
I’m no financial risk manager, but the point of having one is to figure out the set of things that are cost effective. I will bet a buttcheek that the number of common sense cost effective risk mitigation steps we could have taken is greater than zero.