Rogue Trading Scandals Call Risk Controls into Question

erwin-martens
Erwin Martens, TIAA-CREF

The recent rogue trading debacle at UBS has once again thrown the issue of corporate fraud into the spotlight. How was another mid-level trader able to circumvent his firm’s risk controls in such a spectacular manner? By Sitanta Ni Mathghamhna

Like another financial Raskolnikov before him, Kweku Adoboli, the London-based UBS trader who rang up a £1.5 billion ($2.4 billion) loss, had an advantage: He was intimately acquainted with the bank’s back-office operations. As with Jérôme Kerviel, whose

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: