risk-control

The Bank of England governor, Mervyn King, continues to demand that banks be forced into much tougher risk-control straitjackets than those imposed by Basel III.

Not the Right Moment Patience Wheatcroft 2010

Meanwhile, UBS's board will receive Friday, at the meeting in Singapore, the first sketch of the bank's initial findings as to how a trader allegedly managed to evade risk-control systems and rack up huge losses, a report that could help them decide on whether to pursue possible high-level management changes, according to a person familiar with the situation.

UBS Trader Faces New Charge Deborah Ball 2011

Finma has already required UBS to fix gaps in its risk-control systems.

Interest-Rate Probe Widens Deborah Ball 2012

The overhaul of its risk-control systems didn't address the danger of a back-office employee finding a way to fake trades.

UBS Raises Tally on Losses Dana Cimilluca 2011

An MF Global risk-control executive had raised concerns with directors about Corzine's growing bet on European bonds.

What's News— 2011

Mr. Kengeter didn't specify whether any disciplinary action against risk-control and operations employees would involve resignations or cuts in compensation.

UBS Equities Chiefs Resign in Wake of Scandal Deborah Ball 2011

The bank also ousted its chief risk officer and has disciplined other, unnamed managers in risk-control, operations and finance functions.

Action Likely Against UBS Deborah Ball 2012

While the FSA has the power to fine a bank in the case of lapses in its risk-control systems, Finma doesn't.

Action Likely Against UBS Deborah Ball 2012

Disciplinary action against employees working in the risk-control and operations areas is likely to follow in the coming weeks, said investment-banking chief Carsten Kengeter in a memo to employees.

UBS Equities Chiefs Resign in Wake of Scandal Deborah Ball 2011

An MF Global risk-control executive had raised concerns with directors about Corzine's growing bet on European bonds.

What's News— 2011