Skip navigation

 Login or Register | Member Centre

Why bank bomb squads miss the big ones

TARA PERKINS

Globe and Mail Update

Latest comment posted at 8:22 AM EST 25/01/08

World's biggest banks just don't seem to be able to keep rogue employees from yanking the rug out from under their risk management procedures ...Read the full article

This conversation is closed

  1. Richard Bojankiewicz from Toronto, Canada writes: Obviously, one person has too much influence. 230 year old Barings wiped out by one person (lol- aside, what does N. Leeson put on his resume? How does he answer the question, "Why did you leave the company?"). $7 billon at SG today. The sky is the limit!!!!! Team/committee structure, team/committee structure, team/committe structure. It is obviously required as the only feasible solution to the power of these individuals to destroy. Just a humble, biased audit opinion. If the "prima donna" (first lady) traders don't like it, FIRE THEIR A$$' now! Otherwise, suck it up, & shut up as there will be more...
  2. Jimmy K from Toronto, Canada writes: They miss the big ones because they're not trying to find them.
  3. J Billins from Canada writes: Yah sure, its the flunkies fault. PULEEEASE!
  4. scott thomas from Canada writes: If rogue trading happens daily, then it's not "rogue", it's normal.
  5. George D from Canada writes: Nick Leeson's an idiot trying to get headlines...how would he know, he hasn't worked at a bank in like 15 years.

Comments are closed

Thanks for your interest in commenting on this article, however we are no longer accepting submissions. If you would like, you may send a letter to the editor.

Report an abusive comment to our editorial staff

close

Alert us about this comment

Please let us know if this reader’s comment breaks the editor's rules and is obscene, abusive, threatening, unlawful, harassing, defamatory, profane or racially offensive by selecting the appropriate option to describe the problem.

Do not use this to complain about comments that don’t break the rules, for example those comments that you disagree with or contain spelling errors or multiple postings.

Back to top