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Rogue Trader or Rogue Bank?

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The attorney for the alleged rogue trader Jerome Kerviel has decided to go on the offense, highlighting the lack of internal controls at Kerviel's employer SocGen.
Yesterday Kerveil made his first court appearance in months. After the hearing his lawyer told reporters that his defense would be built upon the decision in July by France's Banking Commission to fine SocGen 4 million euros for breaches of internal controls.

Kerviel lawyer plans new defense of rogue trader