Learning lessons from NAB

Comment

The post-mortem report into the A$360 million ($270 million) options trading losses at National Australia Bank (NAB) makes truly shocking reading. The catalogue of errors in risk management, financial controls and back-office validation – some of which are outrageously basic – are reminiscent of the failures at Barings and Allied Irish Banks, lessons that should already have been learned by any bank with a derivatives business.

Perhaps one of the most astonishing revelations contained in the

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: