Financial Disasters and Rogue Trading: An In-Depth Analysis

Reading Time: 1 minute

Financial fraud isn’t exactly a new problem. And worse still, it is a commonly reoccuring phenomenon. But, as the aftermath of the 2008 financial crash has shown, it’s become a subject of heated discussion that haunts the world to this day.

Here at FiRRM, we’re proud of the variety and quality of work our graduates produce. And H. Rafeld is one such recent example. In his dissertation, he dives deep on some of the worst cases of rogue trading of our time. More specifically, he provides a detailed analysis on the behaviours of some of the financial world’s biggest fraudsters.

Mr. Rafeld explaining the model of Organisational Misbehaviour

In his work, Mr. Rafeld employs Control Balance Theory and explores Organisational Misbehaviour (OMB) as a means of analysing instances of rogue trading (both individual instances and collusion). To list, he writes about cases ranging anywhere from the Kweku Adoboli and Jérôme Kerviel cases, to the LIBOR and London Whale scandals!

We’d like to congratulate H. Rafeld for successfully defending his thesis at FiRRM! We encourage anyone with an interest in the subject to read more on Mr. Rafeld’s dissertation here.

Print Friendly, PDF & Email