tag:blogger.com,1999:blog-6452389006521661357.post7444125413357971709..comments2024-03-12T23:42:29.203+08:00Comments on Causal Capital: Going rogue is in vogueCausal Capitalhttp://www.blogger.com/profile/10919572283927557081noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6452389006521661357.post-21251550585273436032011-12-10T22:56:30.476+08:002011-12-10T22:56:30.476+08:00An interesting article from Felix Salmon
Quote : ...An interesting article from Felix Salmon<br /><br />Quote : "The first is a trait common not only to rogue traders, but rather to all animals"<br /><br />Thoughts : Nearly all people have a propensity to go rogue, rogue trading is a failure of risk management not the trader.<br /><br />http://blogs.reuters.com/felix-salmon/2011/12/01/why-rogue-traders-will-never-disappear/Causal Capitalhttps://www.blogger.com/profile/10919572283927557081noreply@blogger.comtag:blogger.com,1999:blog-6452389006521661357.post-53683340650226090692011-09-22T23:38:59.964+08:002011-09-22T23:38:59.964+08:00In Bloomberg Businessweek http://tiny.cc/7tgpm
&q...In Bloomberg Businessweek http://tiny.cc/7tgpm<br /><br />"If someone robs a UBS branch or steals gold from UBS’s safe, you can’t blame the CEO for that. The scandal has nothing to do with his performance."<br /><br />Interesting point however if the banks risk appetite is skewed and the risk systems are not fit for purpose, who is responsible then, where does the buck stop?Anonymousnoreply@blogger.com