Jérôme Kerviel

In September, the competent commission rejected his application for a criminal retrial for lack of sufficient new evidence. In December, the Paris Court of Appeal upheld dismissal for serious misconduct and reversed the 2016 employment tribunal award, rejecting Kerviel's claims for compensation and bonuses.

Attribution

Protagonist is the complainant

The employment tribunal found the dismissal unlawful and ordered Société Générale to pay Kerviel approximately €455,000, including a 2007 bonus and compensation.

Attribution

Protagonist is the complainant

The Versailles Court of Appeal set damages payable by Kerviel to Société Générale at €1 million, far below the €4.9 billion initially imposed.

Attribution

Accused

The Court of Appeal upheld the principal elements of the conviction, including, at that stage, €4.9 billion in damages.

State of the evidence

Documented

After discovering the positions, Société Générale rapidly unwound them in deteriorating markets and announced a loss of approximately €4.9 billion attributed to Kerviel's unauthorised transactions.

State of the evidence

Documented

Attribution

Directly implicated

Following discovery of the fraud, Kerviel was dismissed, questioned and prosecuted, notably for breach of trust, forgery, use of forged documents and fraudulent entry of data into a computer system; he also spent time in pre-trial detention.

State of the evidence

Documented

Attribution

Directly implicated

Limit breaches, anomalies and warnings emerged before January 2008. They subsequently fuelled debate over what Société Générale management and control systems could or should have known.

State of the evidence

Documented

Attribution

Directly implicated