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 Rusnack (AIB) and Toshihide Igichu (Daiwa) combined, with his losses amounting to €4.9bn. Worldwide financial institutions do not seem to have captured the risk surrounding rogue trading and implemented efficient controls to eradicate or minimise this risk but at the same time are aware of the enormity of the potential problems that arise from this activity. The revelation of the scandal is the biggest of its kind in history and unfortunately for Kerviel and Soc Gen, was at a time when the European stock markets were at there lowest since the catastrophic terror attacks on September 11th 2001.
Mr Kerviel was working within the arbitrage Equity derivatives group at the time he was......
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Approximate Word Count: 2824
Approximate Pages: 12 (250 words per double-spaced page)
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Rogue Trader Soc Gen Case Study
Rogue trader Soc Gen case study. Kerviel - New King of the Rogue traders
How Why and Implications surrounding his actions Word Count ...
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