Adodboli fraud

UBS fraud likely to reveal management failures, again

Although there are still many unknowns about the alleged trading fraud at UBS, poor human supervision and too much reliance on electronic systems are likely to be key failures, according to Kroll's Richard Abbey.

<div style="text-align:right; font-size:7pt; color:rgb(119, 119, 119);"> Photo: AFP</div>

Rupert Walker

September 21, 2011

The recent rogue-trading scandal at UBS has again raised doubts about managerial competence and the efficacy of supervisory systems at investment banks.

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