Have a somewhat meta question here. I am part of a trading risk management implementation project. I also manage day to day risk reporting to management and the trading desks. Our implementation was successful in that the risk modeling is much more accurate than the spreadsheets. However there are still issues with the system that turn up and create an impact to pnl for the books. The swings up and down due to system issues send a bad message about the amount of market risk that is being taken on
I'd like to apply something like a haircut to the book value and smooth out these technology related issues, but I'm not sure if that is an acceptable business practice.
Assume that you have no say or input on the state of the system itself