Codes of Finance

Codes of Finance

Tekijä: Vincent Antonin Lépinay
Kustantaja: Princeton University Press
Julkaisuvuosi: 2011
ISBN: 9780691151502

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Maksa Klarnalla
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A behind-the-scenes account of the derivatives business at a major investment bank

The financial industry's invention of complex products such as credit default swaps and other derivatives has been widely blamed for triggering the global financial crisis of 2008. In Codes of Finance, Vincent Antonin Lépinay, a former employee of one of the world’s leading investment banks, takes readers behind the scenes of the equity derivatives business at the bank before the crisis, providing a detailed firsthand account of the creation, marketing, selling, accounting, and management of these financial instruments—and of how they ultimately created havoc inside and outside the bank.

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