233 results about this entity
Period: 12 Oct 2006 - 19 Jun 2024
News
The UK's Financial Services Authority (FSA) is calling on City banks to tighten up systems and controls in order to prevent a repeat of the rogue trading scandal at French bank Société Générale.
11 March 2008
Commodity broker MF Global has hired external risk consultants to review its order entry systems after a trader dealing in wheat futures was able to exceed his limit order and place unauthorised trades that will cost the firm $141.5 million in losses.
29 February 2008
Société Générale is to implement biometric access controls for dealing personnel after an internal investigation into the EUR5bn rogue trading scandal found major weaknesses in its supervision, security and control procedures.
21 February 2008
French smartcard vendor Oberthur Technologies has made a SKr704 million (EUR76 million) cash bid for Swedish rival XPonCard.
19 February 2008
A probe into the EUR5bn Société Générale rogue trading scandal by the French government has revealed that the bank was warned last year that its security systems and internal controls were lacking.
04 February 2008
French banking group Société Générale (SocGen) is reporting a massive EUR4.9 billion in losses perpetrated by a rogue trader who used to work in its middle office division and who used loopholes in controls and risk management procedures to conceal fictitious transactions.
24 January 2008
French banking group Société Générale has recruited consultancy Capgemini to standardise technology across its international retail banking subsidiaries.
18 January 2008
French banking group Société Générale (SocGen) and state-owned postal bank La Banque Postale are establishing a joint venture that will manage the development and operation of their respective electronic payment systems.
10 January 2008
A group of 13 banks and trading firms has taken a minority equity stake in Instinet's MiFID-compliant alternative trading facility, Chi-X Europe.
French firms Calyon, CM CIC Securities and Société Général Corporate and Investment Banking have signed up to the MiFID classification service provided by Deutsche Börse subsidiary Avox.
05 November 2007
Swedish vendor Cinnober Financial Technology has been selected to provide the platform for Turquoise, the bank-backed equities trading facility being set up by seven investment banks to compete with the domestic stock exchanges in Europe. The news comes as Morgan Stanley's Eli Lederman is appointed CEO of the venture.
25 October 2007
London-based Xenomorph says Société Générale Securities Services (SGSS) has rolled out its data management system, TimeScape, after signing a five year deal for the technology.
16 October 2007
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