Deutsche's £30m CDO hole


The murky world of pricing and valuing collateralised debt obligations (CDOs) came under the spotlight in January after a £30 million hole was discovered in Deutsche Bank's trading books in London. A colleague reportedly discovered that junior trader Anshul Rustagi had overstated his positions and Rustagi was dismissed following an internal hearing shortly afterwards.

While the bank and the Financial Services Authority will not discuss any aspect of the case, it has highlighted inadequacies in

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