"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. 0 Outline the trading strategy responsible for the losses in each case and (11) Discuss the main lessons that you believe should be learned from the cases in