2008 Société Générale trading loss positions built up by Kerviel. This has led to speculation that stock market turbulence caused the Federal Reserve Board to cut the rate. A Federal Reserve spokesperson denied the central bank knew of Société Générale's situation when it made its decision. It is estimated that over the period the total trading in futures and the cash market for the Euro Stoxx 50 was €544 billion. This would make the unwinding of Kerviel’s position account for five per cent or less of overall activity. Société Générale's investment banking chief, Jean Pierre Mustier, acknowledged that the three days of forced selling played
Euros Lyn Euros Lyn Euros Lyn () (born 1971) is a Welsh television director. Lyn started out directing Welsh-language shows broadcast on S4C such as "Pam Fi Duw?", "Iechyd Da" and "Y Glas". He directed nine episodes of "Doctor Who" and won the BAFTA Cymru award for Best Director for "Silence in the Library" and the 2007 Hugo Award for Best Dramatic Presentation, Short Form for "The Girl in the Fireplace". He also directed David Tennant's last episodes of "Doctor Who". In 2008, he directed "", the five-episode "Torchwood" mini-series (often called series 3 of the show). In 2007, he directed the