DOCSLIB.ORG

Quotes on Financial Services Topics by Our CMS Team in the National and Trade Press

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Quotes on financial services topics by our CMS team in the national and trade press January 2014 Humiliation for UK as Europe overrules finance veto City AM, 23/01/14, Ash Saluja comments on the ECJ decision with regard to ESMA’s powers to ban short selling. December 2013 EC fines banks record sums for interest rate rigging International Bank Association, 17/12/13, Simon Morris comments on the EC’s recent enforcement action against banks for benchmark rigging. November 2013 FCA to crack down on fund manager fees to brokers Reuters, 25/11/13, Simon Morris comments on FCA’s proposals with regard to dealing commission. October 2013 Crowd-Funding Sites Will Be Forced to Boost Capital by U.K. 24/10/13, Bloomberg, Simon Morris discusses FCA’s proposals on crowdfunding. UK finance watchdog to warn earlier on suspected wrongdoing Is FCA move to name & shame firms just a publicity stunt? FCA may warn sooner when wrongdoing is suspected Fca's decision to name firms under investigation slated as "unfair" FT, Citywire, Reuters, 15/10/2013, Insurance Age 16/10/13, Simon Morris comments on FCA’s policy on the publication of enforcement warning notices. July 2013 Swinton fined £7.4m for mis-selling FT 17/07/13, Paul Edmondson comments on the implications of FCA’s enforcement action for the insurance sector. EU: More UK bankers paid above 1m euros Bonuses shrink for top UK bankers Bank pay falls but UK still has 77 per cent of €1m financiers UK Wired News 15/0713, FT 16/07/13, City AM 16/07/13, Nicholas Stretch comments on an EBA report on bankers’ bonuses. FSA paid three directors £800,000 after leaving Outgoing chiefs of City watchdog get £803,000 for handover Guardian, 10/07/13, Independent, 11/07/13, Simon Morris comments on FSA/FCA insider dealing statistics. Bankers guilty of misconduct may never face jail, say lawyers/Legal fears Lawyers slam bank jail plan Reckless Bankers Seen Avoiding Jail Even as Osborne Backs Plan FT 8/07/13, City AM 9/07/13, Reuters 9/07/13, Simon Morris and Nicholas Stretch comment on the Government’s response to the Parliamentary Committee on Banking Standards report. June 2013 Executive remuneration reforms passed ICSA Global, 27/06/13, Nicholas Stretch comments on the Large and Medium-sized Companies and Groups (Accounts and Reports) (Amendment) Regulations 2013. US bankers face decade bonus delay and criminal sanctions Parliamentary Commission lobbies for new banking remuneration code Moneynews 19/06/13, Employee Benefits 26/06/13, Isobel Pooley comments on aspects of the Parliamentary Commission on Banking Standards final report. Traders Said to Rig Currency Rates to Profit Off Clients Bloomberg (and others, including Washington Post) 12/06.13, Ash Saluja comments on issues in the spot FX market. U.K. FCA Bans Marketing of Some Complex Products to Consumers Was the UCIS ban for the greater good? Bloomberg, 4/06/13, IFA Online 6/06/13, Simon Morris comments on FCA’s UCIS PS. May 2013 Noyer sees European Transaction Tax generating no income Bloomberg (including Washington Post), 28/05/13, Richard Croker comments on the financial transaction tax. 2 London bankers plan to dodge new EU crackdown on bonuses EU set to widen cap on bonuses Bankers' bonuses: European watchdog says many more staff will face curbs U.K. Regulator Hits Back at Bonus Cap as EU Readies Expansion EBA consults on bankers' bonuses Observer, 18/05/13, FT, Bloomberg 21/05/13, Employee Benefits 22/05/`13, Nicholas Stretch discusses EU proposals for bank bonuses. New regulatory powers and how they will work Why the FSA was split into two bodies The new focus and approach of the FCA Is focus shifting from firms to individuals? FT Adviser, 8/05/13, Simon Morris discusses aspects of the new regulatory regime. April 2013 Gensler-Wheatley Panel Aims to End Conflicts in Benchmark Rates - Bloomberg Bloomberg (and others) 16/04/13, Simon Morris comments on FSB’s stance on benchmarks. 'Twin peaks' regulation to cost £646m City watchdogs to push up fees by 20 per cent Supervisory shake-up bumps up costs for banks Fca announces £430m funding requirement 'Twin peaks' regulation to cost £646m Revamped City-watchdogs get£87m lift for extra bite FT, City AM, Insurance Age, Citywire, Reuters (and others) 9/04/13, Daily Express 10/04/13. Simon Morris comments on the costs of UK financial regulation. March 2013 City hit by record fines as watchdog vows to keep up pressure Independent 30/03/13, Simon Morris comments on FSA’s stance on fines. Board of FCA financial regulator named FT 28/03/13, Simon Morris comments on the composition of the FCA board. 'Pragmatic' UK regulator excludes most joint ventures from AIFMD Investment & Pensions Europe, 28/03/13, Melville Rodrigues comments on FSA’s recent AIFM Directive consultation paper EU hints at easing fund manager bonus plan FT, 27/03/13, Isabel Pooley comments on the EU proposals to restrict fund managers’ bonuses. 3 TCF offers advisers shield against FCA's renewed regulatory vigour Citywire 26/03/13, Simon Morris comments on FCA’s regulatory stance. Farewell to the FSA – and the bleak legacy of the light-touch regulator The Observer, 24/03/13, Paul Edmondson is quoted on the creation of FSA. FSA fines servicing firm £2.4m for market update failures Money Marketing, 19/03/13, Simon Morris comments on FSA’s enforcement action against Lamprell plc. UK consumer body threatens to shut down payday lenders Reuters, 7/03/13, Bill McCaffrey comments on OFT’s action against payday lenders. Former Lehman Derivatives Banker Helps Paschi Unravel Contracts Bloomberg, 5/03/13, Nigel Dickinson comments on accounting-driven restructurings of complex derivatives transactions. February 2013 The FSA’s theology of suitability FT Adviser, 22/02/13, Simon Morris is interviewed on suitability requirements. EU seeks deal on fixed-salary cap for bankers' bonuses Guardian 19/02/13, Isabel Pooley comments on EU negotiations on bankers’ bonuses. Is financial advice a high-risk occupation? Is financial advice a high-risk occupation? IFA Online, 7/02/13, Mortgages Solutions 13/02/13, Simon Morris discusses FCA powers and TCF. Market view: Does ringfencing kill the level playing field? Osborne’s bank plan set to hurt City and economy FT Adviser, City AM, 5/02/13, Ash Saluja comments on the Government plans for banking reform. Time to act Brokers face shift in balance of power Insurance Age, 4/02/13, Stephen Netherway comments on the implications of the Consumer Insurance (Disclosure and Representations) Act 2012. 4 January 2013 Swift Trade fined £8m for market abuse Tribunal upholds FSA decision to fine firm £8m for market abuse Daily Telegraph, Investment Week, 28/01/13, Simon Morris comments on FSA’s enforcement action. New guidance to stop future PPI scandals City AM, 25/01/13, Bill McCaffrey is quoted on FSA/OFT’s payment protection products guidance. ABI at odds with BIBA over FSCS funding model Insurance Age, 18/01/13, Simon Morris comments on FSCS funding rules. Law firm issues mis-selling warning after FSA guidance Insurance Age, 17/01/13, Simon Morris comments on FSA’s recent finalised guidance on risks to customers from financial incentives. December 2012 FSA vows to keep pressure on wealth firms amid new probe Citywire 18/12/12, Ash Saluja comments on FSA’s stance towards the wealth management sector. Fund chiefs risk prosecution FT 17/12/12, Simon Morris comments on FSA’s “Dear CEO” letter to asset managers regarding conflicts of interest. November 2012 FSA SIPP capital rules could force 18% out of market FT Adviser 22/11/12, Paul Edmondson comments the implications of FSA’s recent paper on SIPPs. PFS conference: Advisers should be wary of 'politically savvy' FCA Set your own pace to chartered status Money Marketing, 15/11/12 (also reference in FT Adviser, 23/11/12), Simon Morris comments on FCA’s powers. FSA to scale down consultation papers Cover, 15/11/12 (also Mortgage Solutions 16/11/12), Simon Morris comments on FCA’s stance towards consumers. Dual-regulated firms may face double fines under FCA-PRA rulle Citywire, 1/11/12, Simon Morris comments on dual regulation. London Frets Future as Financial Hub Outside Bank Union Bloomberg, 1/11/12, Ash Saluja comments on the banking union. 5 October 2012 CMS Cameron McKenna warns of the FCA’s long tail ‘FCA rules may put free banking at risk’ FT Adviser, 29/10/12 and 31/10/12, Simon Morris comments on FCA and RDR. The City in Crisis, day five: London vs rest of the world Independent, 26/10/12, Maxine Cupitt discusses how businesses in the City operate in a less litigious environment. European Commission backs 10 country FTT plan Accountancy Live 24/10/12, Ash Saluja comments on the proposed financial transaction tax. SFO needs to bounce back and catch some big ones Independent 19/10/12, Omar Qureshi comments on SFO. CII raises question over FCA’s ‘draconian’ means FCA to "revolutionise" consumer behaviour FT Adviser, 16/10/12, Insurance Post 17/10/12, Simon Morris comments on the “Journey to the FSA” paper. Solvency II deadline doubt as European vote delayed again FT Adviser, 15/10/12, Tim Scott comments on Solvency II delays. Separate risky financial activities from retail banking, EU report recommends EU plans curbs on bank risk-taking EU Group Seeks Bank Firewall, Bonus Curbs in No-Bailout Plan EU group proposes mandatory bank ring-fencing Guardian, Telegraph, Bloomberg, 2/10/12, FT Adviser 3/10/12, Paul Edmondson comments on the Liikanen Review.
Recommended publications
  • 2020 05 11 Reynolds Et Al Ethical Accepted

    2020 05 11 Reynolds Et Al Ethical Accepted

    UWS Academic Portal When ethical leaders are ‘no longer at ease’ Kasonde, Mukuka; Reynolds, Kae E-pub ahead of print: 30/09/2020 Document Version Peer reviewed version Link to publication on the UWS Academic Portal Citation for published version (APA): Kasonde, M., & Reynolds, K. (2020). When ethical leaders are ‘no longer at ease’: the role of social vice in corruption through the lens of a Nigerian novel. Paper presented at British Academy of Management 2020 Conference in the Cloud, . General rights Copyright and moral rights for the publications made accessible in the UWS Academic Portal are retained by the authors and/or other copyright owners and it is a condition of accessing publications that users recognise and abide by the legal requirements associated with these rights. Take down policy If you believe that this document breaches copyright please contact [email protected] providing details, and we will remove access to the work immediately and investigate your claim. Download date: 02 Oct 2021 When ethical leaders are ‘No Longer at Ease’: The role of social vice in corruption through the lens of a Nigerian novel Mukuka Kasonde*, University of Huddersfield Kae Reynolds, University of the West of Scotland Queensgate Huddersfield HD1 3DH United Kingdom *[email protected] 1 When ethical leaders are ‘No Longer at Ease’: The role of social vice in corruption through the lens of a Nigerian novel Word count: 6592 Abstract This paper addresses the social context of corruption through literary analysis of Chinua Achebe’s (1960) novel No Longer at Ease. By exploring the societal influences that may lead an individual to engage in unethical behaviour, the analysis challenges the more predominant view of ethical failure as individual vice and reframes corruption as socially embedded.
  • Law and Economics Yearly Review

    Law and Economics Yearly Review

    Volume 4 – Part 2 – 2015 ISSN 2050-9014 ISSUES ON FINANCIAL LAW AND MARKET REGULATION, ECONOMICS BUSINESS DEVELOPMENT AND YEARLY GOVERNMENT’S POLICIES ON REVIEW GLOBALIZATION Editors F. CAPRIGLIONE – R. M. LASTRA – R. MCCORMICK C. PAULUS – L. REICHLIN – M. SAKURAMOTO in association with LAW AND ECONOMICS YEARLY REVIEW www.laweconomicsyearlyreview.org.uk Mission The “Law and Economics Yearly Review” is an academic journal to promote a legal and eco- nomic debate. It is published twice annually (Part I and Part II), by the Fondazione Gerardo Capriglione Onlus (an organization aimed to promote and develop the research activity on fi- nancial regulation) in association with Queen Mary University of London. The journal faces questions about development issues and other several matters related to the international con- text, originated by globalization. Delays in political actions, limits of certain Government’s policies, business development constraints and the “sovereign debt crisis” are some aims of our studies. The global financial and economic crisis is analysed in its controversial perspectives; the same approach qualifies the research of possible remedies to override this period of progressive capitalism’s turbulences and to promote a sustainable retrieval. Address Fondazione Gerardo Capriglione Onlus c/o Centre for Commercial Law Studies Queen Mary, University of London 67-69 Lincoln’s Inn Fields London, WC2A 3JB United Kingdom Main Contact Fondazione G. Capriglione Onlus - [email protected] Editor‐ in‐ Chief F. Capriglione Editorial Board G. Alpa - M. Andenas - A. Antonucci - R. Olivares-Caminal - G. Conte - M. De Marco - M. Hirano - I. MacNeil - M. Martinez - M. Pellegrini - C. Schmid - M. Sepe - A.
  • Evaluation of Comprehensive GHG Emissions Reduction Programs Outside of Washington – Final Report

    Evaluation of Comprehensive GHG Emissions Reduction Programs Outside of Washington – Final Report

    Evaluation of Comprehensive GHG Emissions Reduction Programs Outside of Washington – Final Report October 21, 2013 Prepared for: State of Washington Climate Legislative and Executive Workgroup (CLEW) Prepared by: i | P a g e Final Task 2 Report Table of Contents List of Tables .............................................................................................................................................. iv List of Figures ............................................................................................................................................ vii Acronyms .................................................................................................................................................. viii 1 Introduction ........................................................................................................................................ 1 2 Summary Findings ............................................................................................................................. 4 3 Policy Screening and Evaluation Process Overview ..................................................................... 11 4 Cap and Trade .................................................................................................................................. 15 4.1 Introduction ............................................................................................................................... 16 4.2 Literature Review of Washington Potential ..............................................................................
  • Address to the South Australian Press Club 13 July 2012

    Address to the South Australian Press Club 13 July 2012

    ADDRESS TO THE SOUTH AUSTRALIAN PRESS CLUB 13 JULY 2012 YOU CAN’T HOLD BACK THE TIDE Ladies and gentlemen, historians give differing accounts of the story that I’m about to tell; some say it never happened at all, some say it happened elsewhere, but even if it’s apocryphal, it is nevertheless a story for our times. In the year 1028 or thereabouts, Canute, King of Denmark, England, Norway and parts of Sweden set up his throne on the tidal flats of Thorney Island, site of the current day Westminster in London, pointed his royal sceptre to the tide and uttered those immortal words: “I command thee not to rise”. Stubbornly, the tide refused to obey, and Canute’s chair, feet and royal cloak got duly soaked. When we hear this story as children we think of it as a story of human arrogance and folly. Not even Kings have that much power; Canute must have been a right royal fool. But when we hear it as adults, we know that Canute, a canny king, was reproving his courtiers and teaching them a lesson. Wise leaders, he is saying, know their power is limited, so you shouldn’t ask them to try to do the impossible. Canute was smart. But let’s assume for a moment he was truly dumb. What if he had given stopping the tide a good go? It’s possible. The technology was widely available. He could have set up a tidal review. Built a wall. And put it under the control of a publicly funded tidal regulatory body.
  • Venture with Eureka Report Pty Limited, a 100% Owned Subsidiary of News Limited

    Venture with Eureka Report Pty Limited, a 100% Owned Subsidiary of News Limited

    Clime Investment Management ASX ANNOUNCEMENT CLIME INVESTMENT MANAGEMENT LIMITED (ASX Code:CIW) “Clime Asset Management and Eureka Report come together to offer more wealth creation solutions” The Directors of CIW are pleased to advise shareholders that Clime has entered into a 50:50 joint venture with Eureka Report Pty Limited, a 100% owned subsidiary of News Limited. The joint venture involves Clime joining its valuation service with the online wealth creation solutions offered by Eureka Report. The Board of Clime believes this is a significant milestone for the development of our stock valuation business. Attached is a copy of the press release prepared by News Limited Richard Proctor Company Secretary Morningstar rating: The Morningstar Rating is an assessment of a fund’s past performance – based on both return and risk – which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investment decision. Morningstar Disclaimer © 2012 Morningstar, Inc. All rights reserved. Neither Morningstar, nor its affiliates nor their content providers guarantee the above data or content to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. You should consider the advice in light of these matters and, if applicable, the relevant product disclosure statement, before making any decision. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.pdf.
  • Public Interest Journalism Initiative and Judith Neilson Institute

    Public Interest Journalism Initiative and Judith Neilson Institute

    PUBLIC INTEREST JOURNALISM INITIATIVE and THE JUDITH NEILSON INSTITUTE FOR JOURNALISM AND IDEAS joint submission to the AUSTRALIAN COMPETITION & CONSUMER COMMISSION’S Mandatory news media barGaininG code Concepts paper 5 June 2020 1 EXECUTIVE SUMMARY Following a summer of bushfires, a global pandemic has demonstrated not only the importance of reliable news media - to provide accurate information and to bind communities – but also their vulnerability. The impact on news publishers and broadcasters has been devastating. Less than a year since the ACCC handed down the Final Report of its Digital Platforms Inquiry, more than a hundred news titles have ceased publishing, and hundreds of journalists have lost their jobs. Without intervention, more news businesses will close this year when JobKeeper payments end. Against this backdrop, the task of developing the Mandatory News Media Bargaining Code (Code) to ensure a fair value exchange between news media businesses and Google, Facebook and their subsidiary platforms is urgent and important. By redressing the imbalances identified by the ACCC,1 the Code has the potential to ensure that those who invest in original journalistic content are fairly rewarded by digital platforms that derive significant direct and indirect value from it - and also that there is due recognition of the direct and indirect value that, in turn, news media businesses derive from digital platforms. The timetable is ambitious, with the ACCC and the Government moving quickly. However, we consider that a pragmatic, workable Code can be developed in the prescribed timeframe, including with certain features that might be considered 'interim'. To this end, PIJI and JNI submit that the Code should: 1.
  • Volitamata Kauplemine Finantsturgudel

    Volitamata Kauplemine Finantsturgudel

    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by DSpace at Tartu University Library TARTU ÜLIKOOL Majandusteaduskond Ettevõttemajanduse instituut Darja Medvedskaja VOLITAMATA KAUPLEMINE FINANTSTURGUDEL Bakalaureusetöö Juhendaja: lektor Mark Kantšukov Tartu 2012 1 Soovitan suunata kaitsmisele ………………………………….. (juhendaja allkiri) Kaitsmisele lubatud “ “........................ 2012. a. …...… õppetooli juhataja ………………………… (õppetooli juhataja nimi ja allkiri) Olen koostanud töö iseseisvalt. Kõik töö koostamisel kasutatud teiste autorite tööd, põhi- mõttelised seisukohad, kirjandusallikatest ja mujalt pärinevad andmed on viidatud. ………………………………….. (töö autori allkiri) 2 SISUKORD Sisukord ............................................................................................................................3 Sissejuhatus.......................................................................................................................4 1. Volitamata kauplemine finantsturgudel – teoreetiline käsitlus.....................................7 1.1. Volitamata kauplemine kui valgekraede kuritegude üks liikidest .........................7 1.2. Volitamata kauplemise tunnused ja põhjused......................................................18 1.3. Volitamata kauplemist puudutavad aktid ja pankade operatsiooniriski juhtimine .....................................................................................................................................24 2. Volitamata kauplemise juhtumite analüüs ..................................................................37
  • University of Tasmania Law Review

    University of Tasmania Law Review

    UNIVERSITY OF TASMANIA LAW REVIEW VOLUME 37, NUMBER 2 SPECIAL ISSUE: IMAGINING A DIFFERENT FUTURE, OVERCOMING BARRIERS TO CLIMATE JUSTICE University of Tasmania Law Review VOLUME 37 NUMBER 2 2018 SPECIAL ISSUE: IMAGINING A DIFFERENT FUTURE, OVERCOMING BARRIERS TO CLIMATE JUSTICE Introduction NICKY VAN DIJK, JAN LINEHAN AND PETER LAWRENCE 1 Articles Imagining Different Futures through the Courts: A Social Movement Assessment of Existing and Potential New Approaches to Climate Change Litigation in Australia DANNY NOONAN 25 Justice and Climate Transitions JEREMY MOSS AND ROBYN KATH 70 Ecocide and the Carbon Crimes of the Powerful ROB WHITE 95 Individual Moral Duties Amidst Climate Injustice: Imagining a Sustainable Future STEVE VANDERHEIDEN 116 Lawfare, Standing and Environmental Discourse: A Phronetic Analysis BRENDON MURPHY AND JEFFREY MCGEE 131 Non-Peer Reviewed Article Climate, Culture and Music: Coping in the Anthropocene SIMON KERR 169 The University of Tasmania Law Review (UTLR) has been publishing articles on domestic, international and comparative law for over 50 years. Two issues are published in each volume. One issue is published in winter, and one is published in summer. Contributors We welcome the submission of scholarly and research articles of any length (preferably 4000–10 000 words) on legal topics, particularly those concerning Tasmania, Australia or international law. Articles and papers should be accompanied by a brief (200 word) abstract. Contributions are to be submitted using the online form available at: http://www.utas.edu.au/law/publications/university-of-tasmania-law- review/submission-form. Co-authored articles should be identified as such in the ‘Comments to the Editors’ field and all authors other than the lead author are required complete the University of Tasmania Law Review Submission and Publication Agreement using the form available at: http://www.utas.edu.au/law/publications/university-of-tasmania-law- review/co-author-submission-form.
  • Wireless Broadband Technologies for Regional and Rural Australia a Last-Mile Perspective

    Wireless Broadband Technologies for Regional and Rural Australia a Last-Mile Perspective

    WIRELESS BROADBAND WIRELESS BROADBAND TECHNOLOGIES FOR REGIONAL AND RURAL AUSTRALIA A LAST-MILE PERSPECTIVE AHM Razibul Islam, Department of Engineering, Macquarie University Dr. Niloufer Selvadurai, Department of Business Law, Macquarie University Professor Graham Town, Department of Engineering, Macquarie University INTRODUCTION The deployment of wireless broadband networks to deliver high-speed broadband services to regional and rural Australia is increasingly being examined as a viable alternative to the deploy- ment of wired technology. Whilst last-mile connectivity (i.e. the connection which links the end- user to the network backbone) can be very expensive for carriage service providers deploying wired technology, the deployment of wireless technologies, typically characterised by lower capital and operational costs, can provide a more effective solution to the connectivity problems presently experienced by these remote demographics. It is recognised that the provision of high speed broadband is critical to communities in re- gional and rural areas as it serves to expand economic capacity and stimulate commerce. However, accessibility and availability of broadband networks are generally lower in rural areas than the urban areas in both developed and developing countries due to low population density and poor economies of scale. Recent developments in wireless network technology however have the po- tential to provide access to broadband technology in regional and rural communities at reasonable cost. Hence, wireless technology has the potential to empower local communities and expand economic capacity and commerce in regional and rural areas. The central purpose of this paper is to explore the alternatives presently available for the deployment of wireless broadband networks for regional and rural Australia.
  • Keeping Rogue Traders at Bay

    Keeping Rogue Traders at Bay

    Portfolio Media. Inc. | 860 Broadway, 6th Floor | New York, NY 10003 | www.law360.com Phone: +1 646 783 7100 | Fax: +1 646 783 7161 | [email protected] Keeping Rogue Traders At Bay Law360, New York (October 04, 2011, 4:27 PM ET) -- On Sept. 16, 2011, Kweku Adoboli, a native of Ghana and UBS AG employee, was charged with fraud arising out of unauthorized trading. UBS estimates that Adoboli’s rogue trading continued for three years and caused it to incur losses of $2.3 billion. Banks, lawyers and other industry specialists are all posing the same question: Given UBS’ sophisticated risk procedures, how did Adoboli’s rogue trading go undetected for so long? And what lessons can the industry learn? A Little Background Adoboli joined UBS’ London investment banking division as an analyst in 2003 after graduating, with honors, from the University of Nottingham in England. Adoboli served a so-called “back-office” function: He entered and confirmed trades, handled accounting issues and transmitted payments. In September 2006, he began trading exchange-traded funds (ETFs) on UBS’ “Delta-One” trading desk. The trading involves two steps. First, a client initiates a trade in an ETF that bets on the direction of a group of stocks, such as European or U.S. stocks. The trader executes the trade and acquires the basket for UBS. Second, the trader hedges the trade by creating a mirror trade of the bet. Adoboli skipped the second step and made unauthorized unhedged trades on the direction of European and U.S. stock markets using UBS funds.
  • Alessandro Acquisti - Curriculum Vitae Heinz College, Carnegie Mellon University Acquisti @ Andrew.Cmu.Edu |

    Alessandro Acquisti - Curriculum Vitae Heinz College, Carnegie Mellon University Acquisti @ Andrew.Cmu.Edu |

    Alessandro Acquisti - Curriculum Vitae Heinz College, Carnegie Mellon University acquisti @ andrew.cmu.edu | www.heinz.cmu.edu/~acquisti Trustees Professor of Information Technology and Public Policy Director, Privacy Economics Experiments Lab (PeeX) Faculty Chair, Master of Science in Information Security Policy & Management Steering Committee, CMU Center for Behavioral Decision Research (CBDR) Positions Trustees Professor of Information Technology and Public Policy, 2020 - present Heinz College, Carnegie Mellon University Faculty Director, CMU Digital Transformation and Innovation Center Sponsored by PwC, 2017 - 2020 Carnegie Mellon University PwC William W. Cooper Professor of Risk and Regulatory Innovation, 2017 - 2020 Heinz College, Carnegie Mellon University Professor of Information Technology and Public Policy, 2014 - 2020 Heinz College, Carnegie Mellon University Tenured Associate Professor of Information Technology and Public Policy, 2012 - 2014 Heinz College, Carnegie Mellon University Associate Professor of Information Technology and Public Policy, 2009 - 2012 Heinz College, Carnegie Mellon University Assistant Professor of Information Technology and Public Policy, 2003 - 2009 Heinz College, Carnegie Mellon University Visiting Scientist, Spring 2012 Google, Mountain View Visiting Fellow, Spring 2012 Becker/Friedman Institute for Research in Economics, University of Chicago Visiting Scholar, Fall 2011 Institute for Quantitative Social Science, Harvard University Visiting Researcher, Fall 2011 Microsoft Research, New England Visiting
  • The Motivations for the Behavior of Rogue Traders

    The Motivations for the Behavior of Rogue Traders

    The motivations for the behavior of rogue traders Thesis By Zuzana Dančová Submitted in Partial fulfillment Of the Requirements for the degree of Bachelor of Science In Business Administration State University of New York Empire State College 2020 Reader: Tanweer Ali Statutory Declaration / Čestné prohlášení I, Zuzana Dančová, declare that the paper entitled: What are the motivations for the behavior of rogue traders? was written by myself independently, using the sources and information listed in the list of references. I am aware that my work will be published in accordance with § 47b of Act No. 111/1998 Coll., On Higher Education Institutions, as amended, and in accordance with the valid publication guidelines for university graduate theses. Prohlašuji, že jsem tuto práci vypracoval/a samostatně s použitím uvedené literatury a zdrojů informací. Jsem si vědom/a, že moje práce bude zveřejněna v souladu s § 47b zákona č. 111/1998 Sb., o vysokých školách ve znění pozdějších předpisů, a v souladu s platnou Směrnicí o zveřejňování vysokoškolských závěrečných prací. In Prague, 23.4.2020 Zuzana Dančová Acknowledgement I wish to thank all the people whose assistance was a milestone in the completion of this project. I wish to express my sincere appreciation to my mentor, Tanweer Ali, who convincingly guided and encouraged me through the process of completing this project. I also wish to acknowledge my family – my caring parents, great brothers, and my patient partner. They kept me going on and this work would not have been possible without their support. I would like to recognize the invaluable assistance that you all mentioned provided during my study.