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 the┬áSocGen’s official statement released sometime earlier)

See here for further on this.