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

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