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This is one way of getting management buy-in for code maintenance: > Imagine if you worked at a bank and someone came to you and said, “you have to restructure
by telotortium 7y ago
This is one way of getting management buy-in for code maintenance:
> Imagine if you worked at a bank and someone came to you and said, “you have to restructure all of your derivatives now, every single one of them, it is basically the law.” On the one hand: Sounds like a lot of work! On the other hand: Restructuring every derivative! You are going to get so rich!
> [...]
> Yeah, look, I take the point, there’s a lot to do and it’s complicated and labor-intensive. If you’re the Libor Transition Guy at a big bank, you are going to be spending so much money on lawyers and computer programmers to scour and rewrite all your contracts and code to reflect new interest-rate benchmarks. On the other hand, if you are not also the biggest profit center at the bank for the next five years, I kind of think you are doing it wrong?