Back in June 2008 Finra recommended via a memorandum that taking time off was a leading way to detect and prevent rogue trading. Traders, FINRA said, should be required to take 10 consecutive trading ...
Ex-UBS employee is remanded in custody again until late December. Check out Euromoney's in-depth coverage on UBS' risk management. Euromoney Skew November 22, 2011 Kweku Adoboli, the former UBS ...
NEW YORK -- The big-bets-gone-bad era of rogue trading was supposed to be a thing of the past, thanks to stifling new rules imposed by regulators in recent years and computers designed to keep an eye ...
Gapper’s book looks at the common pathologies here, and finds quite a few. The first is a trait common not only to rogue traders, but rather to all animals — it’s been seen in birds quite vividly.
ROGUE TRADING....We learned today that Jerome Kerviel, a "rogue trader" at Societe Generale, was responsible for $7.2 billion in recent trading losses, the largest in banking history. So how'd he do ...
The recent rogue trading incident at UBS has reinforced buy-side concerns over brokers' delta one desks, but opinion is divided on whether a European Volcker rule might have made prevented it. The ...
Rogue traders continue to cause catastrophic damages to banks. It’s no great surprise then that the incentive for banks to detect – and prevent – such illegal activities is extremely high. Inevitably ...
"In response to regulatory pressure and rogue trading events in early 2008, large firms around the world are reviewing their systems and risk management processes," said Axel Pierron , senior vice ...
It’s been almost a decade since my last trade at the crosses desk, but still, the memories and experiences are as fresh as ever. As the adage goes: once a trader, always a trader. I do indulge in the ...
It has been a momentous week in the legal journeys of Europe's two more infamous rogue traders. Jérôme Kerviel has officially lost his appeal, leaving only France's highest court of cassation and, ...
Take that vacation! That recommendation is at the top of the list in a memorandum issued by the Financial Industry Regulatory Authority addressing ways to detect and prevent rogue trading. Traders, ...
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