Conference/Exhibition
See all Events »
Holistic surveillance and the fight to prevent rogue traders - Webcast

When:

on demand

Where:

Finextra.com

Holistic surveillance and the fight to prevent rogue traders - Webcast

Nick Leeson, Toshihide Iguchi, Jérôme Kerviel, Kweku Adoboli - these are not random names - but instead names that still send shivers up the spines of many an investment banking CRO and shareholder board. Between them, these men are credited with losing up to $9.5 billion and taking down at least one bank.

Rogue traders – whether a sinister anomaly or part of systemic risk failures at a bank - exist in the financial world in far greater numbers than the infamous names above suggest. What is interesting about these cases, both those in the public eye and those which never attracted the attention of the media, is that whilst the little details change, and fresh nuances in the modus operandi do emerge from time to time, the overarching pattern of concealment remains relatively constant.

It is easy to assume that detection should be a reasonably easy pursuit. However, the financial world is desperately bracing itself for another loss event. How can banks monitor for these risks in an efficient way and prevent costly and highly public losses?

Finextra and SAS have put together a group of risk management experts to debate and discuss the merits of a holistic, entity-centric approach to trading room surveillance.

  • David Clark, chairman of the Wholesale Market Brokers' Association and the London Energy Brokers' Association
  • Simon Wheatley, risk and regulatory consultant
  • Shaun Mathieson, senior consultant, global banking & markets, SAS

Our group will discuss:

  • How are security and fraud risk exposure monitored when a bank has so many points of vulnerability?
  • What are the common KRIs that banks should be looking out for?
  • Who should be in control of these oversights at a bank and how much authority can they hold over the trading floor?
  • What are the challenges in building this type of infrastructure? 
Upcoming events
See all Events »
Webinar - Unlocking the Value of Data in Wealth Management

Webinar - Unlocking the Value of Data in Wealth Management

Tuesday 15 December 2020 at 15:00 GMT / 16:00 CET / 10:00 EST

Join Finextra, MarkLogic, and industry experts online as we discuss how wealth managers can harness data on high-net-worth clients to derive value and transform their business model.

Webinar - How to adopt a secure & agile approach to enable digital channel growth

Webinar - How to adopt a secure & agile approach to enable digital channel growth

Tuesday 01 December 2020 at 15:00 GMT / 16:00 CEST / 10:00 EDT

Register for our latest webinar with Onespan on Tuesday, 01 December 2020 at 15:00 UK as industry experts discuss how to adopt a secure & agile approach to enable digital channel growth.