GRC roundtable: Time out on bad behaviour

Securities fraud, rogue trading, and market abuse are high on the list of concerns that operational risk and compliance have. This new roundtable looks at how top executives are tackling these challenges, and includes a poll on key issues for firms

OpRisk & Compliance: What systems need to be in place for the purpose of monitoring trader behaviour and employee activity?

Eric Holmquist, Advanta Bank: I think a lot of what we've seen recently is very interesting. It's very easy to look at some of these control failure events and arrogantly say, 'Well, that could never happen here'.

We too feel we have a very resilient programme here. We have to allow for the fact that there's still possibly something that we missed, so we try and take a