Banks large and small are reacting to the massive fraud that rogue trader Jerome Kerviel wreaked on Societe Generale earlier this year, and vendors and consultants are every bit as ready to offer product to meet those demands.
Latest in the pipeline is New York-based TwoFour Consulting, which Wednesday announced the availability of its Rogue Vulnerability Assessment Service. “In response to client demands for comprehensive review of trading activities over and above traditional audits, we have designed a service to uncover vulnerabilities across the trade lifecycle”, said Jeffrey Wu, CEO of TwoFour Consulting, in a statement to the press.
The consulting service typically begins with a specific asset class and can be expanded to include others, of course. It’s an interesting reactive product venture; it’ll be even more interesting to see how—or if—the market takes to it.
Latest in the pipeline is New York-based TwoFour Consulting, which Wednesday announced the availability of its Rogue Vulnerability Assessment Service. “In response to client demands for comprehensive review of trading activities over and above traditional audits, we have designed a service to uncover vulnerabilities across the trade lifecycle”, said Jeffrey Wu, CEO of TwoFour Consulting, in a statement to the press.
The consulting service typically begins with a specific asset class and can be expanded to include others, of course. It’s an interesting reactive product venture; it’ll be even more interesting to see how—or if—the market takes to it.
