Archive for March, 2008

$7.5 billion trading scandal – is this the end of it?

Apparently not, FSA is urging banks to improve their controls, while a simple advice but barely followed. SocGen is a prime example. Although, other entity level and manual controls failed as well, but it was the technology that made it possible in the first place (based on theĀ SocGen’s official statement released sometime earlier)

See here for further on this.

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March 2008
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