Rogue Trading, No Training: The Connections
5 Pages Posted: 23 Feb 2012
Date Written: December 5, 2011
The lack of appropriate financial training in back offices of dealing rooms is a major risk factor in the emergence of rogue trading, alongside the lack of appropriate risk culture and incentive structures on trading floors. These are major challenges in the control of trading activities. This paper explains why and suggests solutions.
Keywords: operational risk, risk management, fraud, behaviour
JEL Classification: I22, L21, M21, M52, G15, G21, G24
Suggested Citation: Suggested Citation
Chapelle, Ariane, Rogue Trading, No Training: The Connections (December 5, 2011). Available at SSRN: https://ssrn.com/abstract=2009386 or http://dx.doi.org/10.2139/ssrn.2009386
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