DEBT FINANCING. Report: Rogue UBS traders was the one, the Bank of 2 billion $ informed loss

Matt Dunham/AP allegedly renegade UBS dealer Kweku Adoboli, center, goes in a security van to appear flanked by police Magistrates Court in London in the city of London on Friday.

Zoom by Matt Dunham/AP

Allegedly renegade UBS dealer Kweku Adoboli, center, goes in a security van to appear flanked by police Magistrates Court in London in the city of London on Friday.
Kweku Adoboli, 31-year-old rogue-traders, the $2 billion of Swiss Bank UBS assets, who reported that the Bank, which will alert, which the BBC was lost.
You are about the history: yesterday, UBS announced that it may be a post quarterly loss, because a man is a series of bad trade made. As the AP yesterday reported proved Adoboli, that banks remain vulnerable even after were safeguards against rogue traders.
What today reported the BBC it is important, since means that the Bank have not noticed so great move to it from the man, that it was confronted. The BBC reports:

The BBC business editor Robert Peston, says that UBS large loss, Kweku Adoboli supposedly generated by its agents does not collect internal controls. He says that Mr Adoboli UBS said he had been involved in illicit trade.
The financial services authority, which is city regulator examines why UBS could not identify the transactions. After notification, UBS then examined Mr Adoboli trading positions and the financial services authority and informed the police.
Our correspondent says: "Indicating that it was Mr Adoboli decision, his colleagues of his actions to inform the alarm to bells ringing at the UBS, rather than an own monitoring system, add to bear in mind, the investment banks are simply not can the great risks that take their dealers."

Adobili was charged today in London. He was charged with fraud and dual accounting fraud. The Guardian reported that one of the charges dates back to 2008:

Two of the charges relate to exchange traded funds (ETF): first of all, that dishonest, he forged a record of an ETFs from October 2008 to December 2009 with personal gain or to create. the second is accounting fraud an ETFs January 2010 to September 2011. The third charge is a claim of fraud January 2011 to September 2011.

What is Adobili exactly Act still a mystery. UBS to today to publish information about it.
But back to the guarantees: a name, you hear much Nick Leeson, is how this story unfolds, the itself as the "original" rogue traders. His disabled risk-taking led to the collapse of Barings in 1995 and after a stay in prison, he is now a kind of spokesperson for rogue traders.
Leeson has said much about this case because it is traveling. But when someone on Twitter asked him, if he was surprised that a rogue trader could still new Bank controls, Leeson answered ironically:

Jeff shocking, innovations in the financial sector is the banks care about checks are for less mortals

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