Banks turn to data detectives to root out rogues
Financial institutions are overhauling how they collect and analyse data in an effort to combat and prevent rogue traders.
August 20, 2013
Toshihide Iguchi, a rogue trader who once lost $1.1 billion at Daiwa Bank, is arguing in a new memoir that rogue trading should not be treated as a crime. Iguchi served four years in a US prison in the 1990s; he says the best way to bring rogues out of their shadows is to reward traders who come forward, not threaten them with jail terms.
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