SecurityRatty: Société Générale plans to close loopholes by year end

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Société Générale plans to close loopholes by year end

2008-05-23 00:00:00 by HASH0x8b3dbdc in Network World on Security

French bank Société Générale expects to have remedies in place by year end for the technical and procedural flaws that allowed rogue trader Jérôme Kerviel to build a fraudulent trading position that cost the bank €4.9 billion (US$7.25 billion).