Recent posts by Diallo Hall
July 17th 2012
When the news of JP Morgan’s multi-billion trading lost first leaked to the press, there was no shortage of unanswered questions. One of the most prominent centred on how regulators failed to catch these losses before they happened. However, from the regulatory perspective, catching trading blunders may not be as easy as it seems.
June 12th 2012
Question: What do you call a rogue trader that hasn’t been caught?
Answer: Managing director
In January 2008, Société Générale lost billions due to an alleged rogue trader named Jérôme Kerviel. During my time working at the Federal Reserve, I was part of a team sent to SocGen to investigate. (Very interesting times in retrospect.)