Jérôme Kerviel Jérôme Kerviel Jérôme Kerviel (; born 1977) is a French trader who was convicted in the 2008 Société Générale trading loss for breach of trust, forgery and unauthorized use of the bank's computers, resulting in losses valued at €4.9 billion. Société Générale characterizes Kerviel as a rogue trader and claims Kerviel worked these trades alone and without its authorization. These assertions have been met with skepticism by some of Kerviel's former colleagues and acquaintances, as well as by some members of the news media. Kerviel had told investigators that his trading behavior was widespread at the company and that making
Credit rating agencies and the subprime crisis institution, but notifying management of any such interview was the responsibility of the employee. After getting a job at an investment bank, former employees were barred from interacting with Moody's on "the same series of deals they had rated while in its employ", but not on any other deals with Moody's. What was it ex-rating agency analysts might show their new employers? According to the hedge fund managers Michael Lewis talked to who had bet against mortgages securities, there were a number of ways to game or "reverse-engineer" the raters' models. Rating agencies judged creditworthiness of a pool of loans