En France ce weekend and the press is full of the euro4.9bn fraud at Societe General. Astonishing that another rogue trader should appear in the form of Jerome Kerviel, SocGen's estwhile trader, especially given that the world thought that this sort of thing was behind us after Nick Leeson's escapades at Barings.
But while financial regulators ponder just how his deteriorating position was never spotted by the checks and balances that should have been watching him like a hawk, the much more arcane but crucial question of how you account for these things has already begun to surface.
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