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Fraud in Turbo Warrant Markets Assignment

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Added on  2019-09-20

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Review Report
Fraud in Turbo Warrant Markets Assignment_1
Executive SummaryThe review of society general report 2008 discusses the fraud committed by the Jerome Kerviel trader on the turbo warrant markets. The report explains the risk profiles which includes various risk faced by the company such as fraud, credit, operational, and market. The fifteen areas are focused for consideration by societe generale senior executives such as equity derivative division, a timetable of events, official earnings and others. The three risk issues include fraud, operational and financial risk which needs to be highlighted to the societe generale board.
Fraud in Turbo Warrant Markets Assignment_2
IntroductionIn this present paper, we will discuss the review of societe generale report 2008 and the risk profiles are identified then the key drivers outlined in the reports. The paper also describes the areas to be focused on the consideration by a senior executive of societe generale, an order in which the areas are prioritized, and risk issues that needed to be highlighted to the societe generale board.The society generale is the group of expertise which is funded in 1864. The aim of the group is tobecome the relationship-focused bank. The core elements of the company are team spirit, responsibility, innovation, and commitment. It is the third largest multinational bank of France.1.Risk profilesThe risk profile is defined as the evolution of an organization’s willingness of risk taking and thethreats which are exposed by the company. The risk profile is necessary for mitigating the risk and threats of an organization. The risk profile determines the type of risk faced by the society general .Following is the risk which is determined in the report:1.Market risk:The market risk is defined as the risk due to fluctuations in the performance of the financial market. It is also known as a systematic risk which can't be eliminated through diversification, but it can be eliminated through hedging. The marker risk occurs due to the recession, change in interest rate, terrorist attacks and others. It is discussed in the societe generale report.2.Operational risk
Fraud in Turbo Warrant Markets Assignment_3

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