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ARTICLE · 24 JULY 2008

Rogue Trading: Tips To Tighten Up Your Systems And Controls

Smith & Williamson
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The publicity around Société Générale’s (SG) ‘rogue trader’ incident in January highlighted the importance of adequate systems and controls to ensure firms protect themselves against the risk of unauthorised trading.

United KingdomFinance and Banking
Marco Bragazzi
Marco Bragazzi

The publicity around Société Générale's (SG) 'rogue trader' incident in January highlighted the importance of adequate systems and controls to ensure firms protect themselves against the risk of unauthorised trading.

The Financial Services Authority (FSA) responded by speaking to approximately 50 of London's largest trading banks about how they have been applying the lessons learned from this recent incident of unauthorised trading.

A recent edition of Market Watch, a newsletter produced by the FSA, discussed ways in which firms can protect themselves against rogue trader risk. The full article is available at http://www.fsa.gov.uk/pubs/newsletters/mw_newsletter25.pdf

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