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  • 24A.) Jay Levine, RBS Greenwich

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    Failure of Royal Bank of Scotland (RBS) Risk Management
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    140 visualizzazioni1 pagina

    24A.) Jay Levine, RBS Greenwich

    Caricato da

    Failure of Royal Bank of Scotland (RBS) Risk Management

    Copyright:

    © All Rights Reserved
    Scarica in formato DOCX, PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    di 1

    https://drive.google.com/open?

    id=0BzKpYGA_5moJdm5rdUczeDU5NzQ

    This documents a meeting which both RBS and Bruce Jin publicly denied in 2016 about ever occurring, where RBS
    Greenwich CEO Jay Levine urges Victor Hong in 2007 to enable delayed ABS CDO loss recognitions.

    Bruce Jin confirmed publicly in 2016 that senior management had prevented traders from marking ABS CDOs to
    market during 2007, despite then-available market information, and thereby slowed loss recognitions. The ABS
    CDO head trader and Victor Hong both thereby resigned on November 9 2007.

    Bruce Jin claimed in 2016 to have been a "vocal" opponent of such delayed loss recognitions.

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