We had a blanket ban on any project or program name that was even slightly insidious sounding, which is easy to do on accident when there are hundreds of projects and the name will be examined out of context by a regulator with 0 sense of humor.
While it’s possible that the “cartel” started with that intention, it’s also likely that someone thought it sounded cool at first.
One of the first things I did when I took over a trading team was turn off chat. Trading involves stressful, adversarial interactions with counterparties and clients. Every person and deal eventually earns a nickname. It helps nobody when those nicknames appear in writing.
We had a blanket ban on any project or program name that was even slightly insidious sounding, which is easy to do on accident when there are hundreds of projects and the name will be examined out of context by a regulator with 0 sense of humor.
While it’s possible that the “cartel” started with that intention, it’s also likely that someone thought it sounded cool at first.