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elearning > Rogue trading

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Learn about the following:

What rogue trading is and how much it can cost you. A classic case of rogue trading. How rogue trading can occur. How you can reduce the risk of rogue trading.

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Course Summary

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  • 40 minutes
  • 8 question multiple choice
  • What rogue trading is and how much it can cost you
  • A classic case of rogue trading
  • How rogue trading can occur
  • How you can reduce the risk of rogue trading

Rogue Traders - the details

1. What is rogue trading?

  • Low frequency, high losses
  • How serious?
  • Rogues gallery
  • Damage to the firm
  • Credit, reputation, morale, jobs, fines and penalties

2. A case of rogue trading

  • NAB 2004
  • What happened
  • False trades
  • Market risk
  • The investigative report

3. What can you do about rogue trading?

  • A series of questions designed to ask you about your business
  • Self test no results or score retained
  • How does your firm make money?
  • Front office culture and governance
  • Segregation of duties
  • Risk information and its use
  • Off market transactions
  • The skill levels of staff in control functions
  • Escalation processes

4. Test (no pass or fail)

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