Noyer Baffled by SocGen Scandal,Kerviel Speaks Out http://www.reuters.com/article/bankingFinancial/idUSL0559607420080205?sp=true
Tue Feb 5, 2008
By James Mackenzie and Anna Willard
PARIS (Reuters) - France's top central banker expressed amazement on Tuesday that the trader at the heart of a Societe Generale trading scandal evaded detection for so long and backed tougher fines on banks for lapses in controls.
"The reality is that we can't explain it. It seems improbable, it seems incomprehensible to us," Bank of France Governor Christian Noyer told the finance committee of the lower house of parliament. http://www.reuters.com/article/bankingFinancial/idUSL0559607420080205?sp=true