NAB report to reveal ‘control breakdowns’

- By FX Markets Staff
- @FXMarkets_
- 23 Feb 2004

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

"The report won’t make pretty reading. It will show a number of control breakdowns in the organisation," said Kraehe of the report NAB commissioned to investigate its losses of A$360 million (US$277 million) from unauthorised options trading.

The results of the investigation will play a central role in strategy for the bank, Kraehe said. "We are absolutely determined that this report will get to the facts and disclose them, and deal with them openly."

Kraehe, who was speaking after his

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@fx-markets.com

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@fx-markets.com