• Rogue Traders
    motivation is. The study will aim at looking the lessons that the corporate world can learn from such instances and try to look into ways of preventing rogue trader instances among financial and other business institutions. Significance of the project In recent past there have been many reports on the...
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  • A Rogue Trader at Societe Generale Roils the World Financial System
    A Rogue Trader at Societe Generale Roils the World Financial System Most Important Facts Surrounding the Case Societe Generale alias SocGen is one of the oldest and recognized financial firms in France and worldwide. SocGen employs more than 130,000 workers and has 22.5...
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  • Management Information Systems Prentice-Hall, 2010. Isbn-13: 9780136078463 Managing the Digital Firm
    at Societe Generale Roils the World Financial System 9 369 Symantec s ERP Turmoil 10 406 Facebook s Dilemma 11 444 Innovation and Collaboration at Coca-Cola: It s the Real Thing 12 476 HSBC s Lending Decision and the Subprime Mortgage Crisis: What Went Wrong? 13 517 Citizens National Bank Searches for a System Solution 14 550 The U.S. Census Bureau Field Data Collection Project: Don t Count on It 15 580 Will a Global Strategy Save GM?...
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  • John Kerviel's Scandal
    billion euro loss over the three-day period January 21-23, 2008. That loss wiped out twenty percent of the bank‘s capital. Societe Generale‘s CEO reported that the huge loss was attributable to the unauthorized activities of one rogue trader. This case focuses on three key issues raised by the Societe...
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  • Issue
    case and Société Générale case is the defects in internal management. Very first thing in the cases was the recent management changes which are both traders were promoted from middle office position to the front office position. They were young and they didn’t have the necessary management skills and...
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  • a rogue trader at societe generale roils the world financial system
    A Rogue Trader at Societe Generale Roils the World Financial System. 1. What concepts in this chapter are illustrated in this case? System vulnerabilities Computer crime: using computers as instruments of crime to defraud the bank, customers, and other financial institutions Internal threats...
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  • Path-Roguetrading-Chapelle-31jan2012
    Risk at a leading Australian Bank, previously COO of a global financial institution. Centralising support functions allows also the centralisation of alerts raised about a trader or trade anomalies. We know that, in the case of Societe Generale, 74 alerts have been raised about Kerviel, over an 18...
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  • Societe Generale - Kerviel's Trade
    Generale that led him to make the suspicious transactions which incurred such huge loss. These are: Incentives: 1. Reputations and financial benefits: Jerome Kerviel, a 32 year old low-level trader in Societe Generale’s European equities arbitrage unit, who made some unauthorized speculative trades...
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  • financial risk management
    Bank.” RiskGlossary.com. January 1996. Contingency Analysis. 12 March 2005. BBC News - Societe Generale trader Kerviel jailed for three years Page 1 of 2 BUSINESS 5 October 2010 Last updated at 10:53 GMT Societe Generale trader Kerviel jailed for three years Former Societe Generale...
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  • Audit Case
    . Richard Milne, “Bretons unite to defend one of their own,” FT.com (Financial Times), Feb 8, 2008. Société Générale General Inspection Department, “Report Part 3,” May 20, 2008 198 instructor resource Manual — do not coPy or redistribute case 5.7: société générale (2) Rationalization: Kerviel...
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  • Rogue Trader Soc Gen Case Study
    Kerviel - New King of the Rogue traders How Why and Implications surrounding his actions Word Count – 2,439 SOC GEN Case Study Leeson, Iguchi, Rusnak….and now Kerviel has been unearthed as the new king of the rogue traders. His losses dwarfed that of Nick Leeson (Barings), John...
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  • Corporate Risk
    ensured. The incentive to monitoring derivative positions and exposure to risks is that, it does not get too late before a possible “financial Chernobyl” (Miller, 1994) occurs. In Societe Generale, rogue trader Jerome Kerviel was able to access multilayered, heavily secured computer systems, which...
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  • Ubs Rogue Scandal
    trading and accounting systems, which recognized a profit in connection with recons entered for settlement more than one business day forward. After the scandal, Kidder was sold to the Paine Webber Group. Société Générale (“SocGen”) & Jerome Kerviel: In early 2008, it was alleged that a Paris-based...
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  • Dsfcsdvcsdvdsvds
    A Rogue Trader at Societe General Roils the World Financial System 1. What concepts in this chapter are illustrated in this case? • Internal threats from employees: Kerviel had access to privileged information he was able to run through the organization’s system without leaving a trace...
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  • Corporate Transparency vs. Corporate Governance
    Societe Generale. In January of 2008, Bouton found out one weekend that a rogue trader in his company had generated nearly fifty billion euros in losing trades. This amount being much more than the company itself was worth, he enlisted a couple of trusted traders and spent several days unraveling...
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  • Jerome Kerviel - Genius of Fraud
    , false statements and breach of trust. Other Cases: Jerome Kerviel was not the first person to game the system and find ways around its trading restrictions. Societe Generale joins a list of at least five financial firms since the start of the 1990s to suffer losses from unauthorized trades...
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  • Rogue Traders
    the bank’s financial position. Suspicion was averted from senior management with the use of a separate account that has covered up his mistakes. In the Societe Generale and Jerome Kerviel scandal, it is a simple matter of fraud and abuse of authority. On the part of the bank, they have failed as...
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  • Ethics Discussion: Financial Trading + Mail Order Brides
    1. 2. 3. 4. Financial Trading: Rouge Trading Financial Trading: Insider’s Trading Debate on “ Are Bank Bonuses Ethical?” Operation of Mail Order Brides Marriage Agencies Agenda Financial Trading: The Rogue Traders "Barings' collapse was due to the unauthorized and...
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  • Funds Raise Société Générale
    of European countries. However, the decisions of central banks to redeem the debt of these countries can change the Banking world. Societe Generale showed a correct financial strength after a bad year in 2009...
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  • Frauds in Banks
    another DD. This kind of fraud will be discovered only when the head office does the branch-wise reconciliation, which normally will take 6 months. By that time the money is unrecoverable. [edit] Rogue traders A rogue trader is a highly placed insider nominally authorised to invest sizeable funds...
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