3 ms·
Pretty much every rogue trading scandal in the last few years is caused by some guy coming to the front office from the back and gaming the system with knowledg
by osrec 9y ago
Pretty much every rogue trading scandal in the last few years is caused by some guy coming to the front office from the back and gaming the system with knowledge of its weaknesses. In more or less every case, poor front office controls, systems or data practices were identified as the root cause. Example https://www.google.co.uk/amp/s/amp.theguardian.com/business/nils-pratley-on-finance/2012/nov/26/ubs-failure-control-rogue-trader-kweku-adoboli https://www.google.co.uk/amp/s/amp.theguardian.com/business/...
- EpicEng 9y agoAnd Lord knows software devs never implement poorly secured and/or buggy systems.