SG trader dismissals shine spotlight on intraday limit controls
Risk experts say many banks rely on daily reports and can’t effectively monitor intraday limits in real time
The discovery of unauthorised intraday bets made by a delta one options trader at Societe Generale has cast a spotlight on the difficulties banks face in monitoring and limiting exposures over the course of a trading day.
While intraday and zero-day options trading is on the rise, risk modelling experts say many banks are unable to monitor those limits in real time, making it difficult to
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