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Rogue Trader Charter
2008-03-20 13:35:00 .flickr-photo { border: solid 2px #000000; }.flickr-yourcomment { }.flickr-frame { text-align: left; padding: 3px; }.flickr-caption { font-size: 0.8em; margin-top: 0px; } Rogue_070626092150352_wideweb__-300x375, originally uploaded by NELVEY.com. A welcome Basel IV regulatory change will require a brand new capital tier, 'Rogue Capital', for any bank deemed to exceed the Maximum Rogue Trader benchmark. A White Paper on the precise metric is currently under consideration, but early indications are that the capital percentage will be a factor of 'front office white noise to compliance tut-tutting, multiplied by managerial temper volatilities'.A 'People's Rogue Trader Charter' has been jointly proposed by US and UK regulators. Both novice and experienced Rogue Traders alike, in the employ of institutions regulated within their respective jurisdictions, will be covered by the Charter. Until 12/31/08, mandatory compliance with the Charter will be voluntary, but thereafter volu...
SocGen was warned about rogue trader last year
2008-01-29 12:49:00 By Andrew Hurst and Thierry Leveque PARIS (Reuters) - Exchange officials warned Societe Generale about Jerome Kerviel's deals late last year, a Paris prosecutor said, piling pressure on the French bank to explain how his rogue trades were not uncovered earlier. SocGen, France's second-biggest bank, was also hit by lawsuits over a director's share sale that was made before the biggest rogue trading scandal in history broke, and over the way it unwound Kerviel's 50 billion euros ($74 billion) of bets into last week's sliding markets at a cost of 4.9 billion euros. After examining preliminary evidence, a public prosecutor said 31-year-old Kerviel had admitted hiding his activities from superiors, but had said other traders also played fast and loose with bank rules. Prosecutor Jean-Claude Marin also said Eurex, a derivatives exchange owned by Deutsche Boerse, questioned Kerviel's trading positions in November, but that the former back office worker had been able to fool his e...
By: B4U India
Rogue trader: The man who saved the world (or not) - Independent
2008-01-27 03:34:00 ITNRogue trader: The man who saved the world (or not)Independent, UK -- 1 hour agoA junior trader at his desk on the sixth floor of a building just west of Paris accidentally nudged the steering wheel of the entire world economy. ...High ambition and low tricks behind world's Times OnlineLe Rogue Trader: Financial world left stunned by £3.7bn fraud IndependentWorld's Biggest Banking Fraud at SocGen in Paris, France mi2gSunday Herald - This is Moneyall 293 news articles
Rogue trader: The man who saved the world (or not) - Independent
2008-01-27 03:34:00 Telegraph.co.ukRogue trader: The man who saved the world (or not)Independent, UK -- 7 hours agoA junior trader at his desk on the sixth floor of a building just west of Paris accidentally nudged the steering wheel of the entire world economy. ...High ambition and low tricks behind world's Times OnlineLe Rogue Trader: Financial world left stunned by £3.7bn fraud IndependentWorld's Biggest Banking Fraud at SocGen in Paris, France mi2gSunday Heraldall 283 news articles
$7 billion rogue trader turns himself in
2008-01-26 21:27:00 The $7 billion rogue trader has turned himself in to French authorities. Nicola Clark of the NY Times just reported: Jérôme Kerviel, a former trader at Société Générale, surrendered to the police on Saturday as investigators looked into what had caused the bank, one of Europe?s largest, to lose more than $7 billion. Interestingly enough, his attorney stated ...
Police interrogate rogue trader
2008-01-26 18:26:00 Jerome Kerviel, the reported rogue traderThe trader thought to have cost one of France's biggest banks 4.9bn euros ($7.1bn; £3.7bn) is in police custody.
By: Get rich
SG Denies Rogue Trader Under Stress From Working 30 Hour Week
2008-01-26 13:37:00 'FRIENDS of rogue trader Jerome Kerviel last night blamed his $7 billion losses on unbearable levels of stress brought on by a punishing 30 hour week.Kerviel was known to start work as early as nine in the morning and still be at his desk at five or even five-thirty, often with just an hour and a half for lunch.One colleague said: 'He was, how you say, une workaholique. I have a family and a mistress so I would leave the office at around 2pm at the latest, if I wasn't on strike. But Jerome was tied to that desk. One day I came back to the office at 3pm because I had forgotten my stupid little hat, and there he was, fast asleep on the photocopier. At first I assumed he had been having sex with it, but then I remembered he'd been working for almost six hours'.As the losses mounted, Kerviel tried to conceal his bad trades by covering them with an intense red wine sauce, later switching to delicate pastry horns. At one point he managed to dispose of dozens of transactions by hiding...
Rogue trader to cost SocGen $7bn
2008-01-26 07:06:00 French bank Societe Generale says it has uncovered "massive" fraud by a Paris-based trader which resulted in a loss of 4.9bn euros ($7.1bn; £3.7bn). The bank said the fraud was based on simple... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Rogue Trader Leads To $7 Billion Fraud
2008-01-25 13:41:00 And people wonder why we security folks tend to use the “two missile key” analogy time and again. At the risk of jumping up and down on the dead horse insider threat issue here is an analysis piece on the incident. From the Wall Street Journal: In one of the banking world’s most unsettling recent disclosures, France’s ...
France's SocGen humbled by rogue trader scandal
2008-01-25 11:08:00 By Tim Hepher PARIS, Jan 25 (Reuters) - French bank Societe Generale <SOGN.PA> faced tough questions on Friday over how it failed to spot the biggest dealing scandal in history in which a lone trader triggered a $7 billion loss under the noses of top executives. The shaken bank organised a 5.5 billion euro ($8.06 billion) capital increase backed by its rivals, but analysts and newspapers questioned how long France's second-largest bank would remain independent. In full page adverts in France's leading newspapers, Chairman Daniel Bouton apologised to Societe Generale shareholders as some newspapers questioned whether a stay of execution granted him by the bank's board would last long. "I understand perfectly your disappointment and see your anger. This situation is completely unacceptable," Bouton wrote. "I ask you to accept my apologies and my profound regrets." Global investors largely shrugged off the scandal. Asian stocks surged in the wake of a ...
By: B4U India
UPDATE: Bailout Bernanke didn't know about rogue trader, panicked 3/4 point
2008-01-25 10:04:00 WE ARE RUN BY CORRUPT INCOMPETENT MONKEYSCongress should immediately call Bernanke in for questioning, and open an investigation into the Fed's behavior since 2001This latest glaring market-induced mistake should be corrected immediately. The technical sell-off on Monday that had day trader Bernanke panicking on Tuesday is now being reversed, and so should this rate cut.What is most shameful and scandalous for the Fed is that Societe Generale had informed the Bank of France about what was going on on Monday, YET THE FED AND THE BANK OF FRANCE DID NOT COMMUNICATE, so the Fed went ahead and put in their market stop-loss order on Tuesday morning before the market opened. If they had known the truth, there's NOW WAY IN HELL THEY WOULD HAVE MADE THIS GLARING MISTAKE. NO WAY.Ben Bernanke should resign, the Fed should be investigated, and this 3/4 point mistake should be reverse post-haste. And if you believe Bernanke made a historic mistake, you might want to think about getting lon...
By: Housing PANIC
Rogue trader faces legal battle
2008-01-25 10:02:00 Jerome Kerviel, the reported rogue traderSociete Generale has filed a legal complaint against the trader accused of defrauding the bank which led to a loss of 4.9bn euros ($7.1bn; £3.7bn). While Societe Generale has yet to name the trader, media
By: Get rich
Le Rogue Trader: Financial world left stunned by £3.7bn fraud - Independent
2008-01-25 01:04:00 ITNLe Rogue Trader: Financial world left stunned by £3.7bn fraudIndependent, UK -- 6 hours agoBy John Lichfield in Paris The world of highfinance, already shaken by the imprudent greed of some of its biggest corporate names, was stunned yesterday by ...Did rogue trader set off world market panic? Times OnlineShock-iété Générale Wall Street JournalMassive fraud at SocGen jolts credit markets IndependentTimes Online - Guardian Unlimitedall 144 news articles
Rogue trader to cost SocGen $7bn
2008-01-24 23:04:00 .flickr-photo { border: solid 2px #000000; }.flickr-yourcomment { }.flickr-frame { text-align: left; padding: 3px; }.flickr-caption { font-size: 0.8em; margin-top: 0px; } Looks like Nick Leeson might have lost his title, originally uploaded by NELVEY.com. Looks like Nick Leeson might have lost his title.
Rogue Traders - I Never Liked You (CDM) 2008 WRE
2008-01-17 21:05:00 Artist : Rogue TradersAlbum : I Never Liked YouLabel : Sony/BmgGenre : Electro PopBitrate : 195 kbps avgSource : CD Maxi (3-5+ tracks)Playtime : 00:14:19 (20.7MB)Rls date : 2008-01-11Rogue Traders are an Australian electro pop band consisting of James Ash (keyboards), Danny Spencer (guitars), Cameron McGlinchey (drums) and Natalie Bassingthwaighte (lead vocals). The group's original members (James Ash and Steve Davis) met in London in 1989. Before forming Rogue Traders, Ash and Davis worked together on many projects, most notably as dance act Union State. Davis still contributes to the band and is still an active part of the songwriting process. The band's name came from the movie Rogue Trader. The Rogue Traders are best known for their hits "Voodoo Child", "In Love Again" & "Watching You". The groups third studio album Better in the Dark was released in Australia on October 13th.'I Never Liked You' is the stomping second single from the new R...
Rogue Traders 'I Never Liked You' Video
2007-12-29 00:00:00 Rogue Traders are out with the video to their new single 'I Never Liked You', the second release from the Australian electro pop band's third album 'Better in the Dark', out now in Australia on Columbia Records. Watch it at
Rogue Traders Perform In Sydney
2007-10-20 00:00:00 Rogue Traders performed at The Enmore Theatre on Wednesday (October 17) in Sydney, Australia. Check out pictures from GettyImag
Rogue Traders - Better In The Dark
2007-10-14 07:39:00 - - - Released : 2007.10.13 - - Origin : Australia - Genre : Rock, Electro-rock/pop, Pop MV?? <Don't You Wanna Feel> ??MV?? <We're Coming Home(2006)> <Watching You(2006)> <Way to Go!(2005)> <Voodoo Child(2005)> ???? <MySpace> <Official Website> left to right : Danny (Guitars), James (Keys, Programming, Mixing), Natalie(Vocals), Cam (Drums) ??????????????, ???????Rogue Traders???, ??????, ?????Rogue Traders???????, ??????????????(?????????)??????-??????????????(ex: Garbage, No Doubt, The Modern...), ??????"Rogue Traders???, ?????" ??????????? Rogue Traders?2005??????????Here Come The Drums?????"Voodoo Child" ???????????, ...
By: Infatuation
Rogue Traders - Don`t You Wanna Feel Music Video
2007-10-09 12:06:00 Dont You Wanna Feel is a popdance song written by James Ash and Natalie Bassingthwaighte for the Rogue Traders third studio album Better in the Dark.The music video for Dont You Wanna Feel was filmed in Sydney Australia in July 2007. The v..
DON?T YOU WANNA FEEL LYRICS - ROGUE TRADERS
2007-10-08 06:07:00 ROGUE TRADERS LYRICS - DON’T YOU WANNA FEEL LYRICS Single Song Words by Artist / Band : ROGUE TRADERS Lyrics Title : DON’T YOU WANNA FEEL Taken from Album : Better in the Dark Single Released : September 29, 2007 Music Genre : Pop?dance Embracing, the thought of tasting, My mind’s elaborate my heart is racing. I’m waiting to escape in, A strange reality a page I wanna ...
Rogue Traders 'Don't You Wanna Feel' Video
2007-10-05 00:00:00 Rogue Traders are out with the video to their new single 'Don't You Wanna Feel', from the album 'Better In The Dark', out October 13th. Watch it at
Rogue Traders Perform On Nine's 'Today'
2007-10-02 00:00:00 Rogue Traders visited Nine's 'Today' to perform shows for the morning show's Sunrise Plaza Concert Series. Watch performances of 'I Never Liked You' and 'Don't You Want To Feel' below the fold.
Rogue Traders - Way To Go Music Video
2007-06-05 00:03:00 'Way To Go' is the third single to be taken from their debut album 'Here Comes The Drums', following in the footsteps of previous singles 'Voodoo Child' and 'Watching You'. ' Way To Go' is a sexy upbeat pop tune following in the same energ..
Rogue Traders Perform In London
2007-06-01 00:00:00 Rogue Traders performed at G-A-Y at the Astoria in London, England on Saturday (May 26). Check out pictures from LFI
By Request~~ Rogue Traders~~
2007-05-21 01:33:00 Tracks:1Believer2Voodoo Child3Way To Go!4World Go 'round5Rescue Me6Watching You7Change The Channel8We're Coming Home9Fashion10White Lightning11In Love Again12Casting Aside COMING SOON
By: Music Lovers
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