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
Risk would like to invite you to join us on 14 April 2014 at 10am EST / 3pm GMT for our next FREE webinar. Joining the panel discussion will be: Moderator: Duncan Wood, Editor, RISK. Athanassios Diplas, Senior Advisor, ISDA. Barry Hadingham, Head of Derivatives and Counterparty Risk, AVIVA INVESTORS. Neil Murphy, Director, Collateral Product Management, IBM RISK ANALYTICS. Click to register.
More Rogue traders articles
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
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.
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