Boris rightsNACC aged 33 was charged in weekend last by j

Monday at 5 p.m., Daniel button, the President of the Société Générale, should give to the students of University of Paris Dauphine an inaugural lecture on the theme of "the Bank for investment and market and the financial crisis"... The leader will be probably questioned on skids of Jérôme Kerviel, the trader who made losing 6.3 billion euros at Société Générale in the markets in January (after her win 1.4 billion in 2007). And on the most recent, Boris rights-NACC trader Caisses d'Epargne suspected of being responsible for the loss of EUR 751 million suffered in October by the Bank. The latter directs himself, at the Paris University, work "introduction to finance."

Boris rights-NACC, aged 33, was charged in weekend last by j. Xavière Simeoni for "abuse of confidence", a leader be liable to three years imprisonment and 375,000 euros fine, and placed under judicial control, after having heard thirty-six hours by the financial brigade. He is suspected of having exceeded his mandate by taking positions out standards on the markets, which led to the loss of 751 million euros. The investigation aims to "determine the mechanism that led to the loss and to find possible criminal responsibility". Judicial review required by the Prosecutor's Office includes a prohibition to leave the French territory and come into contact with employees of Caisses d'Epargne.

"Troubling elements".

The Caisse nationale des Caisses d'Epargne (CNCE), the central organ of the banking group, had filed a complaint against X on 24 October, citing "disturbing elements" on the conditions of the constitution of the contentious positions. "These disturbing elements which can be obviously a penalization, among other things, breach of trust, the President of the Executive Board of the CNCE, Bernard Comolet, has decided that it was appropriate to defer to justice, to ensure that all necessary investigations are carried out," said the squirrel. The Bank could soon be civil.

Boris rights-NACC, yet "well noted" by its hierarchy, was supposed to gradually liquidate its portfolio by the end of the year. The Executive Board of the Bank had decided in April to stop the investment of own account from 2009 activities. The trader argued in custody that he had been left free to act on markets until December 31, then the Bank argues have asked its traders to reduce their exposure to the fur and measure up to this date, according to a judicial source. He also highlighted the exceptional and unpredictable situation on markets to explain its woes.

Risky Paris

Prices were low, he gambled on an increase in using sophisticated products, leveraged. However, as of September 15, the crash is amplified and its losses are dug. Beginning of October, while they exceeded the EUR 100 million, the trader provides informed its hierarchy but there, according to an internal report of the Bank, tried to minimize the risk by statements "reassuring" and "false". The CNCE has finally led to its positions between 14 and 17 October, therefore registering a final loss of 751 million.

Boris rights-NACC, which had submitted his resignation on 13 October, is currently under a termination procedure. Her lawyer, Mr. Cécile Bernaille, said that he had "that is doing its job, no more nor less." "He has not committed offence", a-.

t she said, before pointing the liability of the Bank through "the failure of its control systems": "In a Bank, it seems that there is a risk manager who monitors." After Jérôme Kerviel, this is the second time this year that a trader is found in the centre of a judicial investigation. But Cécile Bernaille indicated that she did not have the intention of "mediating" this record, "as in the Kerviel case".