A reason why rogue traders have bankrupt their banks is due to

Question

Quizplus · Accepted Answer

Rogue traders are able to engage in fraudulent and risky trading activities when there are a failure to maintain proper internal controls within the organization. This allows rogue traders to conduct trades that are outside the scope of their delegated authority and to conceal any losses they may have incurred. In such cases, the losses can quickly spiral out of control, leading to bankruptcy of the bank.

A Reason Why Rogue Traders Have Bankrupt Their Banks Is