Sentences with phrase «rogue traders»

On a cursory look, the regulations seem stringent enough to control possible price manipulations by rogue traders.

Chancellor George Osborne announced plans this week in his Mansion House speech to tackle rogue traders, extending existing LIBOR legislation to make it a criminal offence to rig the foreign exchange, fixed income and commodities benchmarks.

In other industry sectors AI, Machine Learning and Deep Learning have been busy transcribing voice to date, bailing banks out of precarious risk positions or preventing rogue traders, writing it's own coding language, navigating autonomous vehicles, precision guiding military munitions, conducting medical genome research and helping to forecast climate change.

The remedies consumers can rely on when rogue traders lie about the products they sell, or use aggressive tactics, lie at the heart of our current consultation, launched last month in collaboration with the Scottish Law Commission (Consumer Redress for Misleading and Aggressive Practices).

Law Commissioner David Hertzell says: «By simplifying the law, our recommended reforms will give more confidence to consumers and help drive rogue traders out of the market place, where currently they damage the reputation and livelihood of good, honest businesses.»

For example, with the value of the credits gradually rising, the poor might be tempted to sell off their credits to the rich and then they might have to buy in unregistered energy / fuel illegally — a recipe for a spiv economy, requiring heavy regulation and policing to keep a check on rogue traders and fake credits.

Because of these inflated prices, it is an attractive location for rogue traders to operate.

One of the dogs purchased by the Rogue Traders team had a docked tail, a procedure which was made illegal in England, Scotland and Wales in 2007.»

On tonight's episode of Rogue Traders (BBC1 8 pm), Matt Allwright and Dan Penteado investigate pet shops and dog breeders selling sick puppies.

In other words, while banks have rogue traders, it appears rating agencies have rogue computer models.

In 1999 I was invited to the House of Lords to speak to members from both houses about the need to change the law to stop the rogue traders in the publishing world.

No rogue traders Schools that work with an API member can be sure they will be working with reputable, reliable, experienced companies, backed by a professional association that is committed to raising industry standards.

And that's why we are being judged by the public as rogue traders.

Sir Simon appeared to imply that the surveillance powers were appropriate in dealing with fly tippers, rogue traders and those defrauding the council tax or housing benefit system.

The recession has certainly sent many builders out of business, but there are indications that it has helped rogue traders to flourish.

I have just sent an e mail to the BBC for the Watchdog programme as they have a bit called Rogue Traders where they investigate dodgy people ripping off there customers.i want.

He has also appeared as an expert on BBC One's hit daytime show «Cash in the Attic» and «Cash in the Celebrity Attic» and two series of presenting the ever popular BBC One's «Put Your Money Where Your Mouth Is» before turning his attentions on TV back to his true field of expertise fakes, scams and forgeries with appearances on «Rogue Traders» and «Fake Britain» and Channel 5's «Live From Studio 5.»

Last year, after settling with Goldman Sachs for $ 1.5 million over accusations that the bank failed to supervise a rogue trader, one of Mr. Meister's colleagues objected to the size of the fine.

UBS has a history of compliance issues, ranging from rogue trader Kweku Adoboli to Libor trader Tom Hayes.

Amplifying the problem is the auction's relatively low volume, which could make the ultimate settlement price susceptible to the undue influence of a rogue trader or group of traders.

The financial company lost about $ 603,000 overall from the rogue trader's gambling addiction.

They are flippant words to be sure, but the notion of the rogue trader has played heavily on the media's penchant for storytelling.

It will be a brilliant and brave (and perhaps diabolically clever) rogue trader that is able to subvert this structure alone.

Does the «rogue trader» have an avenue for redress against an employer if they feel they've been thrown under the bus?

With stronger regulation, comes scepticism of the rogue trader narrative.

The rogue trader thus becomes a highly convenient narrative and given the firm generally gets the first bite of the cherry in dealing with the regulator, it can be difficult for the individual to overcome the settled agreed facts.

Leeson took advantage of lax controls (and arguably very much embraced the rogue trader label), Adoboli says that his managers were frequent cheerleaders to similar risks he took and won big, and Kerviel still maintains his superiors were fully aware of his activity.

And perhaps it will signal the death knell of the rogue trader myth.

The evolution of the rogue trader narrative and other high profile scandals such as LIBOR has been a fascinating study in human behaviour and regulatory response.

Not exact matches

On Sept. 15, 2011, the financial press was buzzing about a rogue UBS trader who had racked up a multibillion - dollar loss.

On January 19th, 2016, a federal judge preliminarily approved a class action settlement on behalf of JPMC shareholders who alleged suffering losses as a result of the bank's supplying false and misleading statements concerning the risks and losses arising from the secret proprietary trading activities of the «London Whale,» a rogue London - based JPMC trader who caused the bank to suffer $ 6.2 billion in losses.

These traders can make a lot of money — but sometimes they go rogue as mistakes prompt them to hide losses and make big gambles in an attempt to turn the tide.

In addition to his commercial buildings, Marino is working on a slew of private projects, including a home on top of a mountain in Lebanon and several in the Hamptons and elsewhere for bankers at Goldman Sachs and Safra Bank, and one client he describes as «a rogue bond trader in Mexico.»

James has spent 8 months on secondment to the litigation & regulatory team at Barclays Bank and his experience prior to joining Eversheds included acting for a major international bank in the Sumitomo High Court litigation involving a claim for over $ 1 billion resulting from the activities of a rogue commodities trader in the 1990s.