Focusing on anti-fraud controls could mean that companies are missing out on less tangible but more effective methods of preventing the financial, regulatory and reputational damage associated with large-scale...
Lack of commonality in rogue traders adds to the risk banks face from within
Pattern-finding software uses big data to find systematic fraud, money-laundering and rogue trading
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
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Developing key risk indicators, or KRIs, is a prerequisite for effective risk management. Ariane Chapelle of the University of Brussels highlights four risk drivers that can form a basis for a suite of KRIs: failed key performance indicators, failed controls,...
Broker-dealers face significant operational risks, especially when they allow customers direct access – Marcelo Cruz discusses the threats to a critical part of the financial industry
HR departments are key in preventing internal fraud - and in dealing with the consequences, Nick Kochan finds
Kweku Adoboli's fraudulent activity at UBS, which caused a loss of $2.3 billion, went undetected because of serious weaknesses in systems and controls. UBS says it has remedied the faults, but can the industry as a whole ever prevent rogue trading? By...
CFTC's Bart Chilton criticises the commission's fine, saying it should be at least five times higher
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future
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