Question: SPECIAL REQ: PLEASE GIVE AN UPDATED ANSWER WITH BOTH THE PARTS IN MINIMUM 1200 WORDS Risk is inherent in all economic activity, and financial markets

SPECIAL REQ: PLEASE GIVE AN UPDATED ANSWER WITH BOTH THE PARTS IN MINIMUM 1200 WORDS
"Risk is inherent in all economic activity, and financial markets exist to help market participants diversify such risks, Kuprianov, A., Derivatives Debacles: Case Studies of Large Losses in Derivatives Markets,' FRB Richmond Economic Quarterly. Critically evaluate the above statement in the context of any case(s) with which you are familiar. Outline the trading strategy responsible for the losses in each case and (ii) Discuss the main lessons that you believe should be learned from the cases in
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