Top 10 op risks: Failure to enforce internal controls
Ex-UBS trader convicted of fraud, but found not guilty of false accounting
In this white paper, Gordon Russell, Global Head of Risk at Broadridge Investment Management Solutions argues that the chances of survival in this new environment will be greater for funds that implement solutions to efficiently and cost-effectively manage data and risk.
More Jerome kerviel articles
Jurors are warned by judge to be cautious about John Hughes's evidence on the final day of UBS trial
Accusations of fraud against a trader have parallels with Adoboli and Kerviel
The French financial markets regulator has penalised SG for failures during the financial crisis
Recent events at UBS have prompted one industry expert to call for a specific rogue-trading regulation
Dismissals are "a sign something was seriously wrong", says former senior UBS employee as bank admits operational and risk failings
Management failures could leave bank liable
Fraud went on for three years before detection, according to charges. UBS statement reveals similar pattern to SG rogue trader Jérôme Kerviel
The revelation of rogue trading at UBS follows a period of market volatility. That is nothing new, say risk managers
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.