Download or read book Rogue Traders HC written by Scott E.D. Skyrm and published by ibooks. This book was released on 2014-09-16 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ever since the earliest days of commerce, business people have organized themselves into partnerships. They formed groups with a common interest and worked together as a single unit, assuming both the risks and rewards of the business. It was a natural way of achieving a common goal. If the business succeeded, all of the partners made money. If it flourished, the partners even sometimes became rich. However, success wasn’t assured and if the business failed, they all suffered together. In addition to a multitude of other industries, this was the model that dominated how Wall Street firms operated up until the 1980’s. Beginning in the 1980’s, it was not uncommon to find that a freshly-hired trainee – a kid literally right out of college – knew more about the new financial instruments than the CEO of the firm that hired him. In some instances, the kids were learning about the finer points of newly-invented instruments before their managers knew they even existed. These were the new breed of traders scattered across the trading desks. The individuals whose stories compose the contents of this book are some of the smartest people you’ll ever read about. They had an intimate understanding of the markets and how best to make money from them, but they also had an equally in-depth knowledge of some of the flaws in the markets. Or sometimes, flaws in the systems at the banks themselves. They used their knowledge to make money. And when that failed, they often used their knowledge of how the system was structured to hide their losses. And when that failed, there was no turning back.
Download or read book HC 348 The Green Deal Watching Brief Part 2 written by Great Britain: Parliament: House of Commons: Energy and Climate Change Committee and published by The Stationery Office. This book was released on 2014-09-15 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Green Deal was launched in January 2013 to help Britain's households and businesses make energy efficiency improvements. The Government has called it "a long-term and progressive programme. In December 2012, the Committee launched Green Deal: watching brief inquiry, to follow the Green Deal from its inception and monitor its debut on the UK market. In May 2013, the Committee published the Green Deal: watching brief report in which were outlined concerns about the lack of clarity regarding the outcomes that Department of Energy and Climate Change (DECC) expected from the Green Deal. Green Deal: watching brief (part 2) reviews the performance of the Green Deal and Energy Company Obligation (ECO) in the seven key areas outlined in the previous report, assess DECC's approach to evaluating and monitoring the performance of the Green Deal and ECO, and considers DECC's recent proposals to improve the Green Deal and reduce the cost of ECO. The report found that the Green Deal, rather than facilitating access to energy efficiency measures and creating momentum in the market, has caused frustration and confusion for both consumers and businesses in the supply chain. Only 4,000 Green Deal plans have so far been initiated. As a result, carbon savings through Green Deal finance have been negligible. Therefore the Government must re-evaluate its approach and set out a clear strategy to revive the failing scheme, as unless the package is made more attractive to a wider group of consumers, Green Deal finance is likely to remain unappealing to many.
Download or read book HL93 HC 651 Draft Investigatory Powers Bill written by The Stationery Office and published by The Stationery Office. This book was released on 2016-02-11 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book House of Commons Home Affairs Committee E Crime HC 70 written by Great Britain. Parliament. House of Commons. Home Affairs Committee and published by The Stationery Office. This book was released on 2013 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: The threat of a cyber attack to the UK is so serious it is marked as a higher threat than a nuclear attack. One can steal more on the internet than they can by robbing a bank and online criminals in 25 countries have chosen the UK as their number one target. Astonishingly, some are operating from EU countries. If we don't have a 21st century response to this 21st century crime, we will be letting those involved in these gangs off the hook. After a 10 month inquiry the Committee concluded that: a dedicated state of the art espionage response team should be established so that attacks can be immediately reported; Banks must be required to report all e-crime fraud to law enforcement; it is alarmed that CEOP is having its budget cut by 10% over 4 years, its experienced Chief Executive is leaving and it could lose its laser-like focus when merged with the National Crime Agency; it is still too easy for people to access inappropriate online content and those responsible need to take stronger action to remove such content - the Government should draw up a mandatory code of conduct with them to remove material which breaches acceptable standards; the DPP should review sentencing guidance and ensure e-criminals receive the same sentences as if they had stolen the same amount of money or data offline; the Government should look at setting up a similar organisation to the Internet Watch Foundation focused on reporting and removing online terrorist content
Download or read book Invasive Non Native Species HC 913 written by Great Britain: Parliament: House of Commons: Environmental Audit Committee and published by The Stationery Office. This book was released on 2014-04-16 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Invasive species, such as Japanese Knotweed, the Oak Processionary Moth, the Ruddy Duck and Zebra Mussels, can have detrimental effects on the native species they supplant, as well as on human health and business. The Environmental Audit Committee is calling on the Government to revamp the system for controlling invasive species in England and Wales. Current Wildlife legislation has never been used to prosecute anyone and is unlikely to provide the level of protection now needed. Better prevention, surveillance, monitoring, eradication and long-term control measures are all needed in the fight against invasive species. The Government currently has no formal surveillance system in place to trigger action to ensure early eradication. Defra needs to develop a surveillance system that integrates voluntary wildlife recording with professional monitoring and identification. The current system of "listing" species to be monitored and controlled is too slow. The Government must implement legal changes recommended by the Law Commission and replicate the Scottish system of species control orders to provide a mechanism for eradicating invasive species before they become established. Species on the existing national lists that are already well established here should be reviewed, according to the Committee. Where habitats cannot be restored or biodiversity protected, the invasive species should be removed from the list and control measures re-evaluated.
Download or read book HC 768 Implementing the Recommendations of the Parliamentary Commission on Banking Standards written by Great Britain. Parliament. House of Commons. Treasury Committee and published by The Stationery Office. This book was released on 2014 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book How to be a Rogue Trader written by John Gapper and published by Penguin UK. This book was released on 2011-12-01 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: Penguin Specials are designed to fill a gap. Written to be read over a long commute or a short journey, they are original and exclusively in digital form. This is John Gapper's foray into the world of rogue traders. Unlike most bankers, they are household names: Nick Leeson of Barings, Jerome Kerviel of Societe Generale, John Rusnak of Allied Irish Bank. And now the 31 year-old Kweku Adoboli, who allegedly ran up $2.3bn in losses at UBS. These are the men who have bought banks to their knees and global financial systems to a halt. Each time the banks declare themselves to be innocent victims of a fraud. But why do traders keep on committing apparently senseless crimes, with little benefit apart from higher bonuses and a risk of ending up in prison? And why do banks, which should have learned the tricks of the traders, keep being deceived? In this Penguin Special, the Financial Times' associate editor John Gapper unlocks the mystery by delving into the evolutionary risk-taking instincts of both humans and animals - from yellow-eyed junco sparrows in Arizona to honey-bees. He reveals how banks encourage their traders to evade risk limits, and shows how the rogue traders merely mimic the strategies used by their firms to seem more profitable than they really are. A rogue trader is often an outsider who starts in a lowly role and gambles with a bank's money in a bid to become a star. Gapper traces patterns of behaviour and personality that could be used to catch them before disaster strikes. But do the banks really want to? And are the rogue traders just the symptoms of a financial system gone rogue?
Download or read book Library Journal written by and published by . This book was released on 1996 with total page 988 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book More Rogue Traders written by Scott Skyrm and published by Scott Skyrm. This book was released on 2019-02-23 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: MORE ROGUE TRADERS is about a world cloaked in secrecy and acronyms. It aims to educate about the financial industry and the complex financial instruments involved in schemes committed by rogue traders. Each chapter focuses on one specific trader and the role they played in bringing down a financial institution. In these cases, we're not talking millions, we're talking hundreds of millions or even billions of dollars in losses. More Rogue Traders in the context of a real-life story has it all: a rise-and-fall, money made, money lost, greed, corruption and the bankers who tried to hide it.
Download or read book Neoliberalism and the Moral Economy of Fraud written by David Whyte and published by Routledge. This book was released on 2016-05-26 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is evidence that economic fraud has, in recent years, become routine activity in the economies of both high- and low-income countries. Many business sectors in today's global economy are rife with economic crime. Neoliberalism and the Moral Economy of Fraud shows how neoliberal policies, reforms, ideas, social relations and practices have engendered a type of sociocultural change across the globe which is facilitating widespread fraud. This book investigates the moral worlds of fraud in different social and geographical settings, and shows how contemporary fraud is not the outcome of just a few ‘bad apples’. Authors from a range of disciplines including sociology, anthropology and political science, social policy and economics, employ case studies from the Global North and Global South to explore how particular values, morals and standards of behaviour rendered dominant by neoliberalism are encouraging the proliferation of fraud. This book will be indispensable for those who are interested in political economy, development studies, economics, anthropology, sociology and criminology.
Download or read book Reassessing the Rogue Tory written by Janice Cavell and published by UBC Press. This book was released on 2018-11-15 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: The years when John Diefenbaker’s Progressive Conservatives were in office were among the most tumultuous in Canadian history. This book provides a fresh assessment of foreign policy in the Diefenbaker era to determine whether its failures can be attributed to the prime minister’s personality traits, particularly his indecisiveness, or to broader shifts in world affairs. Written by leading scholars who mine new sources of archival research, the chapters examine the full range of international issues that confronted the Diefenbaker government and probe the factors that led to success or failure and decision or indecision. This fascinating reconsideration of the Diefenbaker years challenges readers to push beyond the conventional and reassess the “Rogue Tory’s” record with fresh eyes.
Download or read book Constitutions in the Global Financial Crisis written by Xenophon Contiades and published by Routledge. This book was released on 2016-05-23 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first to address the multi-faceted influence of the global financial crisis on the national constitutions of the countries most affected. By tracing the impact of the crisis on formal and informal constitutional change, sovereignty issues, fundamental rights protection, regulatory reforms, jurisprudence, the augmentation of executive power, and changes in the party system it addresses all areas of the current constitutional law dialogue and aims to become a reference book with regard to the interaction between financial crises and constitutions. The book includes contributions from prominent experts on Greece, Hungary, Iceland, Ireland, Italy, Latvia, Portugal, Spain, the UK, and the USA providing a critical analysis of the effects of the financial crisis on the constitution. The volume’s extensive comparative chapter pins down distinct constitutional reactions towards the financial crisis, building an explanatory theory that accounts for the different ways constitutions responded to the crisis. How and why constitutions formed their reactions in the face of the financial crisis unravels throughout the book.
Download or read book Continuing Trends written by Kirkland C. Vaughns and published by Routledge. This book was released on 2020-03-09 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new issue of JICAP features some of the most engaging material yet on the subject of treating depressed mothers and their small children. It opens with "Video Feedback with a Depressed Mother and Her Infant," the presentation of an unusual collaborative individual psychoanalytic treatment written by Phyllis Cohen and Beatrice Beebe that is one of the most unique studies on the subject to date. This brilliant introductory article is followed up by a well-executed analysis of the treatment from Phyllis Ackman and a smart commentary by Anni Bergman. The issue continues with a thorough examination of the changing role that play instruments have in child psychotherapy over the course of the analysis in a strong article co-written by Saralea Chazan and Jonathan Wolf. The active aspects of object relations are discussed next by Marcia Kaufman, followed by a special look at the influence of culture on therapy in Carmen Vazquez and Lorna Myers' piece "The Case of Alicia: Understanding Selective Mutism and Alopecia within a Cultural Framework." The issue continues with Debbie Hindle's take on the vagaries of self-help with "I'm Not Smiling, I'm Frowning Upside Down" and closes with Kate Henderson's account of a session with a group of latency children.
Download or read book Fake written by David Bullen and published by Wiley. This book was released on 2011-09-26 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fake is the fascinating story of one of the four 'rogue traders' whose foreign exchange trading cost the National Australia Bank $360 million. The resulting scandal was swiftly followed by the resignation of the CEO and Chairman. Later, unprecedented boardroom brawling erupted as directors sought to shift the blame and seek scapegoats. Against the backdrop of this multimillion-dollar trading frenzy, David Bullen takes the reader into his trading world, where players worked hard and partied harder, treating the staff at other desks with contempt and the trades as little more than a game. But David is a complex character, and this story is also the story of his personal journey from a self-confessed hedonist enjoying the lavish perks of corporate life to his involvement in the drug-enhanced dance party scene and finally his search for enlightenment. As his attitude shifts from one of unabashed arrogance to tolerance and detachment, so he realises that he was only 'a faker making fake trades'.
Download or read book Rogue Trader written by Nicholas William Leeson and published by Little Brown. This book was released on 1996-01-01 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The British banker whose unsupervised trading at the Singapore branch of Barings Bank destroyed the bank describes his career and recounts the events that led to his imprisonment
Download or read book House of Commons Business Innovation and Skills Committee Draft Consumer Rights Bill HC 697 II written by Great Britain: Parliament: House of Commons: Business, Innovation and Skills Committee and published by The Stationery Office. This book was released on 2013-12-23 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Government's draft Consumer Rights Bill has the potential to consolidate, simplify and modernise consumer law however issues and inconsistencies must be resolved. The current proposals would apply a statutory right that services under a contract must be provided with reasonable care and skill [a fault-based standard]. This does not provide sufficient consumer protection. The Draft Bill should require that services must achieve the stated result, or one which could be reasonably expected [an outcomes-based standard]. As the Bank of Ireland case demonstrated, the right to terminate a contract does not necessarily protect consumers from detriment. This report recommends an addition to the grey list - the indicative list of contract terms which may be regarded as unfair. The Government's proposals for enhanced consumer measures, which would require traders that have breached consumer law to compensate consumers, are welcome. However, private enforcers should also be able to use them. The collective proceedings regime has the potential to improve access to redress for victims of competition law breaches but the Government must clarify the certification requirements for such proceedings. The creation of rights and remedies for digital content is welcome, but the Government must do more to communicate how the proposals will work in practice. Under the draft Bill, the remedies available to consumers of digital content would depend on whether the content is intangible (such as a music download) or tangible (such as a CD). In appropriate circumstances, consumers should have the right to reject and obtain a refund irrespective of whether they purchase intangible or tangible digital content
Download or read book Rogue Trader written by Nicholas William Leeson and published by . This book was released on 1996 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the true story of how Nick Leeson caused the collapse of Barings Bank.
