🧱 Risk

must map to layers of responsibility.

🔹 Operational risk — operational control.

🔹 Governance risk — board oversight.

🔹 Systemic risk — institutional backstop.

⚖️ When layers blur,

pricing distorts.

Quantra structures

responsibility before risk spreads.

#RiskLayering #GovernanceDesign #InstitutionalFinance #Quantra