Banks review systems for managing risk

UK - Risk managers at banks in Britain and Ireland are re-examining defences against rogue traders following the loss of $750m (£532m) by Allied Irish Banks last week.

The largest banks have convened emergency meetings of risk managers and treasury departments to see whether they would be vulnerable to a similar fraud to that alleged to have taken place in AIB's US currency trading division.

The number of banks interested in buying new foreign exchange trading software and specialist insurance

To continue reading...