Some Comments On The Ubs Rogue Trader

There has been lots said nearly the rogue trader at UBS. The simple simply clearly right observation:

There is a actually practiced argue why y'all don't promote people from dorsum or oculus purpose to forepart office: they know the systems good plenty to comprehend their tracks. Better the norm where real few forepart purpose people stimulate got a clue what happens to a merchandise 1 time they press "done". Leeson, Kerviel in addition to Adoboli all had this inwards common. Note to administration - if y'all desire to hire a dorsum or oculus purpose guy to produce a forepart purpose job, hire them from a dissimilar bank.

Alas every mo back-office guy wants to hold out inwards the forepart office. After all front-office guys are paid to a greater extent than in addition to stimulate got to a greater extent than conclusion making power. Back-office is administrative in addition to procedural. Front-office are "risk takers" which is somewhat to a greater extent than glamorous. But at that topographic point are practiced reasons for discriminating against back-office guys, peculiarly when depository fiscal establishment systems are non robust.

Whatever: Influenza A virus subtype H5N1 message to the UBS CEO. An internally discriminatory hiring policy is non equally practiced equally robust systems simply it is for sure meliorate than what y'all are doing Mr Gruebel.




John