And I will have a report as soon as they are released.
SocGen probe treads fine line
A report into the rogue trading scandal at Société Générale due tomorrow will be critical of the culture and behaviour of France’s second-biggest bank.
The report is expected to detail how the bank flouted its own controls, making it easier for Jérôme Kerviel, a former trader, to build up €50bn ($79bn) in alleged unauthorised positions.
The report by SocGen’s special committee of three non-executive directors will portray a bank in which enforcing controls was not a priority, as it sought to grow its investment banking business.