Societe Generale blames Kerviel for a 4.9bn-euro ($7.6bn; £3.8bn) loss, but has maintained it was an "isolated" incident, although recent investigations have shown the lack of important control systems at the bank.
An internal report released earlier this month went as far as to say that managers of Societe Generale were "negligent".
Mr Bouton responded saying that the incident with Jerome Kerviel did not "fundamentally call into question the core of Societe Generale's market activities"
Although what he said failed to quell the fears and anger of the bank’s shareholders and one of these, who remains unidentified, is reported to have asked: "Who did you take us for?"
Mr Bouton ended his speech by saying: "I hope we can now close once and for all this particularly difficult chapter for Societe Generale".
