OpRisk Asia: Rogue traders exploiting ‘weaknesses’ in op risk controls

Man in balaclava using laptop

Rogue trading stems from failures of culture, supervision and controls, delegates at the OpRisk Asia conference heard during a panel discussion today. But its occurrence was also linked to a weakness in operational risk management, with risk departments unwilling or unable to stand up to business lines, speakers said.

Andrew Cherriman, the chief operating officer for Standard Chartered's wholesale bank in South and South-east Asia, said: "There are three factors around rogue trading. First

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