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Adoboli trial explores complicity and culture at UBS

Testimony in rogue trading trial exposes slips in risk management

adoboli

The trial of accused UBS rogue trader Kweku Adoboli continued in London's Southwark Crown Court in October, with Adoboli's defence counsel continuing to argue that his alleged misdeeds were part of a wider culture of aggressive risk-taking and poor record-keeping and risk management. Adoboli is charged with two offences of fraud and two of false accounting. He denies the charges.

At UBS, until the

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Emerging trends in op risk

Karen Man, partner and member of the global financial institutions leadership team at Baker McKenzie, discusses emerging op risks in the wake of the Covid‑19 pandemic, a rise in cyber attacks, concerns around conduct and culture, and the complexities of…

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