A colleague passes this along, from a recent ISACA conference. Read at own risk.
..............
From the wild n' wacky world of banking regulation...
The Basel Accords are a set of accountability rules that are meant to assure that banks remain solvent and their dealings traceable and above board.
Not many people know this, but when they were implemented a few years ago, they were actually a revival of a very old, traditional Swiss banking tradition.
Under this tradition, if a bank executive is found to be in violation of the accords, he is taken to a room deep inside the bank. Inside that room, a very VERY angry man is waiting for him, holding the brightly painted thigh bone of an Appenzell bullock.
We are not told what goes on inside that room once the door is closed, but I can tell you that in English, the name of that fearsome ceremonial implement is.....
IS.......
THE BASEL WRATH BONE!
Now you know. Aren't you glad?
..............
From the wild n' wacky world of banking regulation...
The Basel Accords are a set of accountability rules that are meant to assure that banks remain solvent and their dealings traceable and above board.
Not many people know this, but when they were implemented a few years ago, they were actually a revival of a very old, traditional Swiss banking tradition.
Under this tradition, if a bank executive is found to be in violation of the accords, he is taken to a room deep inside the bank. Inside that room, a very VERY angry man is waiting for him, holding the brightly painted thigh bone of an Appenzell bullock.
We are not told what goes on inside that room once the door is closed, but I can tell you that in English, the name of that fearsome ceremonial implement is.....
IS.......
THE BASEL WRATH BONE!
Now you know. Aren't you glad?
No comments:
Post a Comment