AIB loss poses questions for the banking industry
FRONT PAGE NEWS
DUBLIN -- Train staff better or buy more sophisticated software -- or both? And is such an incident an argument for or against imposing capital charges on banks to guard against losses from such operational risks as rogue trading?
These were some of the questions posed by the world’s banking industry as executives sought to ensure their firms were not vulnerable to the rogue trading disaster that lost Allied Irish Banks (AIB), Ireland’s largest bank, nearly $700 million.
The central issue for both
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