Rogue Trading, No Training: The Connections

5 Pages Posted: 23 Feb 2012

See all articles by Ariane Chapelle

Ariane Chapelle

University College London - Department of Computer Science

Date Written: December 5, 2011

Abstract

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

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

Ariane Chapelle (Contact Author)

University College London - Department of Computer Science ( email )

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London, WC1E 6BT
United Kingdom
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