Rogue trading questions remain, says US head of op risk at Mitsubishi UFJ Securities

neil-roth

In November 2012, Kweku Adoboli, formerly of UBS, was sentenced to seven years in prison for fraud while working as a trader at the Swiss bank.

Only two years previously, Jérôme Kerviel, who worked for Société Générale, was handed down a five-year prison sentence and ordered to repay the $6.7 billion he lost the French bank.

With such huge losses being brought to light in such quick succession, operational risk managers need to ask themselves what makes a trader go rogue and why financial

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