Confirmations in the spotlight

Back office


As auditors, prosecutors and regulators continue to pick through the pieces of the EUR4.9 billion loss at Société Générale (SG), risk managers at rival firms are trying to make sense of how a trader could seemingly hide huge directional exposures on European equity indexes by entering fictitious trades into the bank's systems. Details released by SG suggest a massive breakdown in risk controls and processes - among them, a failure by the back office to confirm fictitious over-the-counter

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here