2008 Société Générale trading loss the bank. Kerviel joined the middle offices in the bank Société Générale in the summer of 2000, working in its compliance department. In 2005 he was promoted to the bank's Delta One products team in Paris where he was a junior trader. Société Générale’s Delta One business includes program trading, exchange-traded funds (ETFs), swaps, index and quantitative trading. Bank officials claim that throughout 2007, Kerviel had been trading profitably in anticipation of falling market prices; however, they have accused him of exceeding his authority to engage in unauthorized trades totaling as much as €49.9 billion, a figure far higher than
French Fifth Risk Plan the term "fifth risk", with the idea of an insurance system. The law of 24 January 1997, defines dependency as "a state in which the person who, notwithstanding the care that is likely to receive, needs support for the performance of actions essential to life or requires regular supervision". In 2008, public spending related to the care of dependent elderly people (health care benefits and benefits of compensation for loss of autonomy) was around 19 billion euros per year, or 1% of GDP. The law of 30 June 1975 established the third person compensatory allowance (Allocation compensatrice tierce personne or