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(nobody, and I mean nobody, would have an internal process and not say it, since it would be a pure waste of money: you wouldn't get the reduction in required capital).
Secret autiting processes would still help you to avoid or contract out risks even if it didn't reduce capital requirements. Goldman made huge amount of money at the expence of AIG because they priced risks more realistically.
But anyway, most transactions involve a disagreement on the risk of an asset, or on its true value, but in the case of financial assets it boils down to the same thing since there is no direct use. So it would not necessarily hamper any bona fide deal. Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
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