Profile: Standard Bank CRO on rogue trading, liquidity and lending

“We do not have a liquidity issue”

paul-hartwell

Since news broke of a $2.3 billion rogue trading loss at UBS on September 15, senior executives at banks around the world will have had one question in common: could the same thing happen here? South Africa’s Standard Bank is no different.

“Following the UBS case, we are going to be reviewing our controls and checks,” says Paul Hartwell, group chief risk officer at the bank in London “Although this particular loss appears to have occurred on the delta one desk, the cause is not specific to that

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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: