Canadian gumshoes ignore fraud & billions in losses

2 responses

  1. Anthony says:

    Those BMO employees were located in NYC I believe.

    The BMO Counter party credit Risk IT systems are being replaced as well as the Commodity Trading IT system. Agreed the risk management was lacking…

    However, if the bets had gone correctly it would have added over a billion to the banks bottom line…

  2. DJ says:

    yes, only “if the bets had gone correctly”.

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