Société Générale

235 results about this entity

Period: 12 Oct 2006 - 24 Sep 2024

Outsourcing and offshoring take centre stage at Finexpo

Finexpo - Outsourcing Strategies, a new one-day conference and exhibition from Finextra on 5 June in London will feature keynote presentations from Deutsche Bank, IBM and Société Générale. It will also feature panel discussions covering best practice and the latest outsourcing trends on the sell-side and buy-side - from business processes such as trade execution, risk management and analysis through to back-office processing, infrastructure and application development.

SWX fines SocGen for trader violations

French banking group Société Générale (SocGen) has been fined SFr30,000 by SWX Swiss Exchange for failing to monitor its traders and allowing unregistered users to access the exchange's systems.

FSA warns on rogue trader risks

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.

MF Global to review order entry systems after $141.5m rogue trading loss

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.

SocGen looks to shore up risk controls with biometric access system

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.

Oberthur bids for Swedish smartcard outfit XPonCard

French smartcard vendor Oberthur Technologies has made a SKr704 million (EUR76 million) cash bid for Swedish rival XPonCard.

Government report alleges risk and security failures at SocGen

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.

Rogue trader costs Société Générale EUR5bn - back office controls skirted

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.

CapGemini inks Société Générale contract

French banking group Société Générale has recruited consultancy Capgemini to standardise technology across its international retail banking subsidiaries.

Société Générale and La Banque Postale form e-payments venture

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.

Banks, trading firms take minority stake in Chi-X

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 subscribe to Avox MiFID classification service

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.