Kerviel case study reveals rogue-trading indicators

FRANKFURT – As Jérôme Kerviel’s trial gathers pace in Paris, the alleged Société Générale (SG) rogue trader has already been cast in a number of roles by France’s media: bit-part player in a fraud condoned by the bank’s management, a cog in the wheels of dysfunctional markets – even a popular anti-hero against financial capitalism. Kerviel’s defence in court – and in his book Memoires d’un trade, published in May – has been that his superiors knew exactly what he was doing. This defence has