Risk Officer on Risk Metric

Peter Weiland, once a senior risk officer in the investment office, in March 2012 trashed in an e-mail a crucial risk reading that raised red flags about the investment office’s trades. Mr. Levin asks Mr. Weiland whether he now thinks that risk metric was in fact right. “Yes, I acknowledge now, with all the information, that was correct.” Here’s what Mr. Weiland wrote in that e-mail, to a trader, last year, “We got some CRM numbers and they look like garbage as far as I can tell, 2- 3x what we saw before.”