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Regulatory

UBS $2bn rogue trader in custody

BY RACHEL DAVIS | FRIDAY, 16 SEP 2011 11:55AM

A 31-year-old UBS trader has been arrested in London on suspicion of fraud by abuse of position, resulting in a US$2 billion loss for the Swiss bank. The news, breaking three years to the day after the collapse of Lehman Brothers, has put UBS trading activites back in the sights of regulators.

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Editor's Choice

Financial Standard wins Impact Award

STAFF WRITER

Financial Standard has been named Financial Services Publication of the Year at the inaugural Impact Awards.

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AMP has appointed a new general manager of risk, compliance, and policy who recently finished up at ClearView.

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