Unauthorized Trading Activities And Risk Management Practices

Introduction Unauthorised trading, also known as Rogue trading refers to trading where a broker makes a trade to a customer without having permission from the customer or the authorization (Sec.gov, 2014). It is important to have knowledge of rogue trading because such incidents result in significant corporate loses and destroy the shareholders’ value. On the other hand such crimes raise major concerns about the institutions controls and risk management practices. The level of risk caused due to unauthorised trading is not restricted to proprietary books of investment banks-it extends to investment portfolios of insurance companies, discretionary accounts of private bankers and third party funds managed by funds managers. All of the financial sectors mentioned above contribute to the stability of the economy, hence a loss in one of them will have a direct impact to the destabilization of the economy. According to a UBS press release on the 18th of September 2011 an unauthorised trading was conducted in Global Synthetic Equity business in London. The trader in question had been charged by UK authorities with fraud and the resulting loss was amounted to $ 3.2 Billion. The press also states that the loss was a result from an unauthorised speculative trading in various SP 500, DAX, and EuroStoxx index futures over a period of three months (Reuters, 2014). This case is just one example of the many unauthorised trading and its penalties, the consequences of the risks areShow MoreRelatedA Study of Unauthorized Trading and Its Influences on Investment Banking2417 Words   |  10 Pagesresearch project, we will aim to study unauthorised trading and assess how it influences investment banking general. The research will also help us have an improved mastery and a better understanding in the field of investment banking with a broader view of the repercussions faced by rogue traders, and als o the full extent of the consequences the banks involved must assume and try to solve. We will also investigate the widespread of this practice in the UK and analyse how detrimental and lucrativeRead MoreProduct Features Of Value Chain Essay1514 Words   |  7 PagesSecondary activities which can increase the value to end customers and thus facilitate business organisations to gain a margin over input cost. The Primary activities are important to acquire the essential inputs, convert them into a required product or service, sell and deliver them to the customer and provide support. Secondary activities are the supporting functions which enable the smooth operations of primary activities. These include development of technology to define product features, risk managementRead MoreSociete Generale - Kerviels Trade3827 Words   |  16 Pages b. Segregation of duties c. Restricted access d. Preventive and detective controls e. Design and operating effectiveness Answer: a. Control Environment: The control environment is the reflections of overall attitude of top management and owners of entities about control and its importance to the entity. The control environment includes the actions, policies and procedures and the way of implementation its strategies and overall attitude. For better understanding and assessingRead MoreSix Derivatives Mishaps2370 Words   |  10 Pages$1.8 billion as a result of what it said were unauthorized trades, which then lost a third of its value on world markets in less than two months. The affair was a major scandal which is at times compared in magnitude to the Silver Thursday scandal, involving the Hunt familys attempt to corner the worlds silver markets. It currently ranks in the top 5 trading losses in financial history. Cause: In this whole scandal, Hamanaka keept two sets of trading books, one was reported showing big profits forRead MoreThe Sarbanes Oxley Act And Enron Essay1565 Words   |  7 Pageson the corporate fraud with accounting. This all started because some companies such as, Enron and WorldCom. Enron was reporting inaccurate trading revenues by acting as a middle man in partnerships and selling back and forth these partnerships and crediting Enron for the profits (Britannica). The government stepped in and investigated their accounting practices and while the investigation was occurring, their accountants started destroying evidence (Britannica). WorldCom, through their accountingRead MoreOperational Risk Management in Banking Sector: an Overview2324 Words   |  10 PagesVolume : 3 | Issue : 1 | January 2013 | ISSN - 2249-555X Operational Risk Management in Banking Sector: An overview Keywords Rakesh Chutia Assistant, State Bank of India Margheita-786181 Dist.-Tinsukia Assam ABSTRACT Operational risk is inherent in all banking products, activities and processes and systems and the effective management of operational risk is of paramount importance for every bank’s board and senior management. With globalization and deregulation of financial markets, increasedRead MoreOperational Risk Management2610 Words   |  11 PagesCORPORATE RISK MANAGEMENT ASSIGNMENT OPERATIONAL RISK MANAGEMENT (ORM) IN BANKS Risk is inherent in any walk of life in general and in financial sectors in particular. Till recently, due to regulated environment, banks could not afford to take risks. But of late, banks are exposed to same competition and hence are compelled to encounter various types of financial and non-financial risks. Risks and uncertainties form an integral part of banking which by nature entails taking risks. There areRead MoreIram 22206 Words   |  9 PagesISF’s Information Risk Analysis Methodology (IRAM) enables organizations to access business information risk and select the right set of security controls to mitigate that risk. IRAM2 Founded in 1989, the Information Security Forum (ISF) is an independent, not-for-profit association of leading organizations from around the world. It is dedicated to investigating, clarifying and resolving key issues in cyber, information security and risk management by developing best practice methodologies, processesRead MoreThe United Bank Of Switzerland3390 Words   |  14 Pagesmost important being to hedge risk. Because risk is universal to all businesses, derivatives have effortlessly saturated financial markets. Although these investment opportunities have provided insurance against fluctuations in financial markets, they’ve also opened a door for scandalous activity and irresponsible trading. With derivatives still being a young tool for investors, there has been a significant amount of corporate catastrophes stemming from derivatives trading. The United Bank of SwitzerlandRead MoreEssay on Rogue Trader2479 Words   |  10 Pagessuccessfully completing his job ass ignment, Nick was transferred to Barings in Singapore to work as a derivative trader for both Singapore and Japan. Nick caused the lost for Barings Bank of almost 1.4 billion due to the enormous accumulation of trading obligations that he had built up. Nick Lesson thought he could make up the loss by waiting for the market price to go up, but it never happened since the earthquake in Kobe in 1995 was totally out of his plan. Knowing that the bank wouldn’t be able

Francis Ford Coppola’s Apocalypse Now a Translation of...

Francis Ford Coppola’s Apocalypse Now is the 1979 epic Vietnam War film based on the novel Heart of Darkness by Joseph Conrad. However the word ‘based’ as to be called into question as the two differ quite dramatically. The periods in which the two stories are about are completely different, within 70 years of each other, as is the setting and the circumstances. However, through the ideas of savagery and madness character, plot, and the themes which both pieces seem to convey the two stories are very similar and it is clear that Coppola was heavily influenced by Conrad’s Heart of Darkness. Conrad’s, Heart of Darkness is an excellent tale that demonstrates the difference to what we believe to be an ideal within civilisation and the actual†¦show more content†¦Although the two characters are on very similar missions to each other they both come across varying factors that affect their overall voyage. Due to the fact that they are in different time periods and locations, the idea of technology and communication play a vital part in the fundamental differences. This aside, they both reach a similar ending where they discover Kurtz to be an insane and sick being who’s mind has been tainted by his surroundings. Both stories are extremely similar, yet Coppola has included some subtle differences for example, Marlow’s experiences in Heart of Darkness are different to Willard’s and one of the main reasons for this is the lack of technology he has at his disposal. At the beginning of the book Marlow finds out that he has to rebuild his steame r as it has been sunken, his journey is delayed for weeks as he is unable to obtain the rivets he needs. This task would seemingly be a lot easier had he have had access to a phone or a radio, in the context of the two stories this delay might have been the difference between Kurtz’s life and death. Willard, it seems, dealt with other factors that affected his journey due to the fact that technology was able to solve many of the problems that Marlow had to overcome in the novel. For example Willard didn’t have to deal with the problem of a lapse in communication as he had a radio. Another varying factor is that from the beginning of the journey, Willard knew of

Chemistry Observation of Various Experiments free essay sample

Weigh out approximately 5 grams of Copper Carbonate into a weighing boat. oMeasure out 25 cm? of dilute Sulphuric Acid into a beaker and using a Bunsen burner heat on a tripod and gauze until it JUST starts to boil. Turn the Bunsen burner off. oAdd 1 spatula of Copper Carbonate to the Sulphuric Acid and leave it to react, this will give a clear blue solution. Keep adding further portions of Copper Carbonate, do this until there is no more effervescence (Fizzing/Bubbling). Pour the contents of the beaker into a filter funnel that has been lined with filter paper; rest this on top of a conical flask. oOnce the solution has finished filtering through, pour the liquid from the conical flask into the glass dish and leave to stand for a week. Sketch the shape of the crystals if you are able to see them clearly. SUMMARY OF RESULTS: After a week the results were very evident. We will write a custom essay sample on Chemistry: Observation of Various Experiments or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In the glass dish there were large deposits of vivid blue crystals that were irregular in shape; this occurrence was due to the solution cooling rapidly, probably because the dish was very close to the window and the weather was warm on the day that the experiment was carried out. These blue crystals were Copper Sulphate.

Narrative Essay Topics And Ideas For Students

Narrative essay topics: best ideas list When a lecturer assigns a narrative essay, some college students think they have to air out their personal stories, but that’s often not the case. You can create an interesting paper by making up a story, describing a memorable event, or write about your role model. To create a masterpiece, take your time to come up with the right topic. There are numerous essay ideas you can find online but none match our selection below. Before you come up with your own topic idea, check a list of the best narrative essay prompts that will inspire you in ways you’ve never imagined. Once you pick your topic, research thoroughly and ensure your content is 100% original. Don’t copy an example directly from the internet, instead, cite your sources to demonstrate your competence as a student. Focus on the topic and take your reader through your best memories. If you allow your words to flow naturally, you will be in a position to create a fascinating story. It is your responsibility to see your narrative essay makes a great impression on the reader. Why is it important to come up with good narrative essay writing topics? Frequently, when students write a narrative essay, they choose between two options: to use the topic their instructor proposed or to come up with their own topic. A successful topic choice determines the success of the whole essay. In the event you cannot do it yourself, you can find college essay help from the best writers here. No matter the paper your institution assigns, a complete paper must be interesting to read. More important is to choose an essay topic you will be interested in writing with passion. Narrative essay writing is the only genre of academic writing that allows the writer to expand his imagination and creativity to the fullest. While writing these essays you may omit strict structure regulations. That is why students like this essay sub-genre the most. The freedom of choice can become challenging for essay writers. When you are allowed to write anything from your experience, you can get stuck on idea deficiency. Some students use the first idea that comes to mind and work on it, but the result is not successful. A narrative essay topic must be appealing to you and interest the audience. To give you the basis for considering a topic, we’ve provided a list of the best ideas for narrative essays – organized by subtopics for your convenience. We also give a brief description of each subtopic to help you determine what to write. Narrative essay topic ideas 1. Experience The objective of the narrative essay is to teach you how to tell about your experiences in a literary manner. To write a good essay you have to brainstorm all thoughts concerning your life experiences with both negative and positive examples. Try to describe your experiences in as many details as possible to attract the reader’s attention. View All Essay Examples on Life Experience The most embarrassing experience of your life. Tell about a frightening experience you’ve had. An experience that showed you real life values. An experience that taught you to appreciate life more. An experience that helped fight cowardice. An unpleasant personal experience An event that taught you to appreciate what you have The most embarrassing moment of your life Memorable days with family members Your success story in facts 2. Childhood Childhood is a period of bright impressions and first experiences. As children are naive and sincere, they have a tendency to get involved in ridiculous situations. We are sure you have something of interest to tell about your childhood years. Let the next topic ideas jog your memories of childhood situations that can make a good foundation for your narrative essay writing. View All Essay Examples on Childhood Memory Write about a time you got hurt on the playground. What happened? Tell about a childhood experience that helped you grow up Did you have a memorable birthday party? Share about what made it memorable. Whom you dreamed to be when you were a kid? What was your favorite game in childhood and why? A day you were hurt playing with friends Why you miss your favorite childhood games Your most valuable childhood possession What you loved crafting when young Your favorite childhood fairytale characters and shows 3. School years School is a path to the adulthood where children gain essential knowledge and experience. School years present challenges that contribute to the development of personality. Your school experience and the challenges you overcame are unique. That is why if you write about studying at a school in your narrative essay you have a chance to be original. View All Essay Examples on School What was/is your favorite subject in school and why? Did some teachers become your role models? Show some examples Tell about the first time you took part in mass school event The most disastrous event that happened in class Tell about a teacher you would like to be friends with What subject did you love most in your elementary school? A childhood teacher you are still friends with How your best friend in primary school influenced your life Did any teachers become your role model? Did your teachers contribute to the person you are today? 4. Relationships The life of every person is closely connected with relationships. Everybody has personal memories of family, friends, and beloved people. Your story about them will always have a private character, so if you are asked to write a narrative essay, relationships is an eternal source of unique ideas. View All Essay Examples on Relationships Write about a friendship breakup you had experienced A person you are afraid to lose the most An occasion when you had experienced   rejection A joke or ridiculous misunderstanding with another person Tell about the worst argument with parents How long can you be in love with someone? How was your first experience with love and its impact on you Discuss loyal and trustworthy friends in your life Who is the one person you fear losing the most 5. Morality In every country, people obey laws but there are other laws that regulate peoples lives on a larger scale. They are the laws of ethics and morality. Morality has an array of unsolved issues, a solution which usually presents a choice. Either to do something and keep to rules of ethics, or do the opposite and violate these rules. Essay morality topics are a successful choice because they are always of immediate interest. View All Essay Examples on Morality An example of a difficult decision you had to make An example of a rebellious act from your life Tell about morality problems that bother you and why A negative example of cowardice Tell about a personal morality challenge How many lies have you told in your life? How do you treat strangers? Have you ever eavesdropped? 6. Interests Your interests determine the manner of everything you create. Usually, the sphere of personal interests consists of hobbies and attractive events. To write a narrative essay about your interests, ask yourself â€Å"What do I enjoy doing?† , â€Å"What music do I like to listen to?†, â€Å"How do I prefer to spend my free time?†. It is a topic which you can write with passion. Mind that people enjoy reading texts written passionately. Tell about a movie you watched that impressed you Tell about a song that usually touches you emotionally What talent have you always wanted to have and why? Which book character do you associate yourself? If you were a director, what movie would you want to shoot? When did you discover your talent? If you were a book character, who would you be? TV stars you want to meet in real life What’s your perspective on sports? 7. Traveling View All Essay Examples on Travel Every spot in the world has a story. When you have a trip, ever stage is filled with impressions. No matter how many times people visit the seaside or mountains. You have your own journey with your own impressions. Why not share them with your readers? The narrative essay format allows you to write even the second Odyssey – briefly, of course. Tell about your first visit to the countryside (or large city, depending on where you from) Your favorite mode of traveling What things you cannot imagine not taking for any trip? Where would you like to travel if you had a solid sum of money? What is the best place for vacation? The funniest way you met a friend Describe a day you were traveling and something bad happened What would you change if you revisited a camp with your classmates? A trip you loved the most 8. Student life Life in college differs from school years. It is more adventurous and enriched with impressions. You are introduced to new people, subjects, a system of education, and independent living conditions. So, it is a great basis for epic stories! Starting from situations that happen in college to life twists that occur only during student years. Student years are considered to be the best in one’s lifetime, why not write about them in your narrative essay? Tell about the most exhausting exam Speak about a lecture that gave many impressions. Tell about the first day you moved in a dorm What was the most impressive hang-out during college years? Tell about what made you feel depressed in college Do you mix with students from different cultures at school? Who influences your social life in school? 9. Imagine if†¦ A narrative essay topic that starts with the words â€Å"Imagine If† usually requires creating a story that is possible from your point of view in future. This subtopic is one of the most popular among students because it allows them to make up anything. The entire freedom of imagination! Imagine if you had a time machine. What time would you travel to? Imagine if you were an animal. What animal would you like to be and why? Imagine if you were born in another country. Where would you like to be born and why? Imagine if you were filthy rich. On what would you spend your money? Imagine if you were a comic book character. What superpower would you like to have and why? New And Outstanding Narrative Essay Topics 2018 Finding a good topic is not easy. That’s why we have researched the most common categories and come up with a list of narrative essay topic examples to inspire you. This will make it easier to find a theme you are looking for. If I won a billion dollars in the lottery The one thing I would change in my life My first job If only I could turn back time The weirdest thing I’ve ever seen in my life The most disastrous moment I’ve ever experienced My first encounter with fear 5 day-to-day issues that bother you The best achievement you’ve ever accomplished The most annoying thing about you Are there hobbies that have been inherited from your family? How do you differ from your parents? How permissive are your teachers? How was your first encounter with the police? How good/bad are you at time management? How much time do you spend alone? What valuable lessons have you learned from adversity? Are you pressured to obttain a perfect body? I have chosen the topic for my narrative essay. Whats next? After the moment you found the most appealing  essay topic for your writing, study carefully the instructions from your institution. Be aware of the papers length and start writing the  narrative essay outline. Also, check out our next writing tips that will ease the writing process. Tips on narrative essay writing: Focus on specific details that are essential to cover the topic. Try to avoid mentioning irrelevant off-topic information. Do not lie or embellish facts. Dig deep into your experience. Readers value sincerity. Connect your ideas. Use transition words to make your text coherent and easy to read. Do not omit the conclusion. No matter your topic, write a narrative essay to state what you got from the experience. Write in a manner that you will be interested to read it. If you wont like reading it, the text is not worth the attention of the audience. See the limits of your writing. You can tell much about your experience, but you must not overload the reader with information. Be creative. In a narrative essay, you can write in the first person and use different stylistic devices. Follow the instructions of your instructor attentively. Even being a flexible writing genre, the narrative essay needs to be written according to stated patterns.