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UBS AG : the cost of failing to manage operational risk / Chijioke Oji & Viola Makin.
SAGE knowledge Connect to full text Available online
View online- Format:
- Book
- Author/Creator:
- Oji, Chijioke, author.
- Makin, Viola, 1952- author.
- Series:
- SAGE knowledge. Cases.
- SAGE Knowledge. Cases.
- SAGE knowledge. Cases
- Language:
- English
- Subjects (All):
- United Bank of Switzerland.
- Banks and banking, International--Corrupt practices--Case studies.
- Banks and banking, International.
- Risk management--Case studies.
- Risk management.
- Bank management.
- Banks and banking, International--Corrupt practices.
- Bank management--Case studies.
- Genre:
- Case studies.
- Physical Description:
- 1 online resource : illustrations (black and white, and colour).
- Place of Publication:
- [London] : SAGE, 2016.
- System Details:
- text file
- Summary:
- On 15 September 2011, news of United Bank of Switzerland's (UBS) operational failures in its investment banking division hit the market. Kweku Adoboli, a trader who worked at UBS's central London branch, had beaten the control system and carried out a number of unauthorised trades. The trades cost UBS 2.3 billion U.S. dollars in losses - the biggest trading-related loss in the history of banking in Britain, with the impact felt across banks in Europe. Engulfed by calls for closer scrutiny of its entire operational system and trading culture, senior management at UBS fought hard to restore confidence in the bank.
- Notes:
- Originally Published in: Oji, C., & Makin, V. (2013). UBS AG: The Cost of Failing to Manage Operational Risk. WBS-2013-3. Johannesburg: The Case Centre, Wits Business School.
- No ILL or scholarly sharing allowed.
- Description based on online resource; title from home page (viewed on April 28, 2016).
- ISBN:
- 9781473964198
- OCLC:
- 1017728271
- Access Restriction:
- Restricted for use by site license.
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