******* investment banking

[Bumfluff]

I wouldn't worry, obviously it is one of those reports no one looks at. Just put in a fix and shove it in a release.

Unfortantly it was a report used at board level hence my major crapping of pants. Turns out though I was right all along the issue wasn't my side but it was another application that was showing the wrong figure but they insisted they were right until I proved them otherwise.

[Gonzo]

One weekend recently I went home thinking I had been under reporting an AUM figure for the last 6 months to the tune of $40 billion, wondering how I was going to explain it I couldn't just slip it in to conversation , thinking my professional indem insurance of a couple of million wouldn't really cover it

Unfortantly it was a report used at board level hence my major crapping of pants. Turns out though I was right all along the issue wasn't my side but it was another application that was showing the wrong figure but they insisted they were right until I proved them otherwise.

All this time the world has been thinking that there was a credit-crunch and billions of pounds had been lost and it turns out that the money was there all along but you just left it off your report.

You'd better let the Bank of England know quick or they'll overdo the QE.

[BrilloPad]

All this time the world has been thinking that there was a credit-crunch and billions of pounds had been lost and it turns out that the money was there all along but you just left it off your report.

You'd better let the Bank of England know quick or they'll overdo the QE.

I remember a friend at HSBC in early 90s who miscalculated amount of IRSs they had. It went to the BoE and newspapers. Proves they will print any old nonsense.

[BlasterBates]

Unfortantly it was a report used at board level hence my major crapping of pants. Turns out though I was right all along the issue wasn't my side but it was another application that was showing the wrong figure but they insisted they were right until I proved them otherwise.

Board level, so not really important. Some secretary will just kind of note that there must be some mistake, and then they move on to the next point on their agenda.

It's only a problem if your figure appears on the daily accounts, and then there will be a huge hoo-ha.

No no nothing to worry about, they'll probably have a bit of a snigger about it.

[AlfredJPruffock]

One weekend recently I went home thinking I had been under reporting an AUM figure for the last 6 months to the tune of $40 billion, wondering how I was going to explain it I couldn't just slip it in to conversation , thinking my professional indem insurance of a couple of million wouldn't really cover it

I wouldnt worry about the odd 40 Biliion - its not unknown for me to go through that over a weekend.