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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.

by Jute on Tue Mar 5th, 2013 at 08:08:19 AM EST

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