Investigations find no evidence of 'fat finger' errors in US trading fall

new-york-stock-exchange-1009

The New York Stock Exchange's (NYSE) investigation into last week's dramatic tumble in share prices found no evidence of a 'fat finger' error or market manipulation. "It's understandable that everyone is looking for a 'smoking gun' behind last Thursday's dip. However, the circumstances are more complicated than that. I'll leave it to the regulators to link the interactions of various markets, but from our standpoint we see no evidence of fat finger error or market manipulation," said Larry

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Investment banks: the future of risk control

This Risk.net survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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