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« Nothin' like a monoline! | Main | Barclays on CDS counterparty risk »

These aren't the trades you're looking for

Much, much more information on the Kerviel business - the SG investigating team has released its preliminary results. (pdf) Our take here. Extraordinary that Kerviel raised 93 separate alarms with three different departments with his trades and, every time, no further investigation resulted. Presumably he simply gazed into their eyes and intoned "You don't need to see my confirmation documents."

Posted by Alexander Campbell on February 21, 2008 2:20 PM |

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