The Financial Services Authority (FSA) has largely blamed UBS’ computerised risk management systems for failing to control the £1.4 billion losses incurred by rogue trader Kweku Adoboli.
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The European Commission is bumping up its corporate investigatory powers with new technology that can quickly analyse unstructured data at companies as part of competition enquiries.
The Securities and Exchange Commission (SEC), the US financial regulator, has been accused of destroying thousands of data files on high profile inquiries including an early-stage investigation into convicted Ponzi scheme fraudster Bernard Madoff.
The UK Financial Services Authority (FSA) has pounced on card protection giant CPP over suspicions that it might have exaggerated the risks of identity theft when selling consumers one of its products.