Banks Can Avoid UBS Fate With Smart Employer Policies

Law360, New York (September 15, 2011, 9:08 PM EDT) -- As UBS AG scrambles to piece together how one of its traders allegedly carried out $2 billion in unauthorized trades, experts say U.S. financial services firms should adopt employment policies that foster transparency and increase supervision to curb similar rogue trading.

All financial institutions have procedures in place to try to combat rogue trading, but having the right ones is key to preventing deliberate wrongdoers from taking advantage of the gaps that inevitably exist in any system.

“UBS, along with the other big investment banks, has...
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