Rogue Trading - Risk Controls and Culture

A rogue trader is identified as a trader who acts independently of others (and, typically, recklessly) usually to the detriment of both the clients and the institution that employs him or her. An organisation with a weak and ineffective risk culture is more exposed to unauthorised trading and rogue traders

The following presentation is from the GARP chapter meeting held in Melbourne, Australia, and talks about risk management controls and culture required to combat rogue trading. It also discusses the case of losses at UBS and other case studies.

[gview file="http://www.garp.org/media/1095552/roguetradingriskmanagementcontrolsandculture\_mikevandegraaf\_johnkidd\_101112.pdf" save="1"]