December 16th, 2003, 7:55 am
I think it's important particularly for traders, to take a reasonable amount of time off in a row, say a week, just so that someone else can check the books over and sit in the drivers seat for a while, this should add some transparency and hopefully prevent any cover ups that have been missed by risk management or other staff. A future FSA regulation? I remember hearing that UBS demanded that certain front office staff take 2 weeks off.