Rogue trading
Cebs issues finalised guidelines on op risk in market activities
Cebs op risk guidance finally finds favour
Kerviel sentence and fine 'laughable', says consultant
French rogue trader floored by decision for him to repay up to €4.9 billion
French banks under pressure to hold more op risk capital
Rogue traders and a worsening financial crisis are leading French regulators to put pressure on banks to hold more capital for op risk
Markets shaken by emissions trading certificate hackers
Market participants are worried they could be holding fraudulent European Union carbon allowances (EUA), after computer hackers launched an alleged phishing attack on the German Emissions Trading Authority (DEHSt).
Unauthorised trading costs UBS £50 million
Penalty is, to date, the third largest levied by the UK regulator
Suspected oil rogue trader costs company £6 million
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Morgan Stanley pays £1.4M fine, uncovers three rogue traders
Losses and Lawsuits
Weavering in administration
Losses and Lawsuits
UK authorities braced for wave of financial frauds
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FSA facing compensation claim
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The human condition
Comment
Ready for anything?
Top OR&C 2009 risks
Back in fashion
Operational risk
Firms heed Kerviel lesson by linking front and back offices
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CEBS analyses Kerviel’s op risk impact
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CEBS analyses op risk impact of Société Générale fraud
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Another ‘rogue trader’ in the city
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More multibillion-dollar rogue trading losses expected
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Compliance managers warned of troubles ahead
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SG moves on from Kerviel
Société Générale was sent reeling after revelations of a EUR4.9 billion rogue trading loss in January. Glaring weaknesses in the control processes were identified in an internal report, and the bank has started to take steps to address the issues. Nick…