Description

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 Lepinay, 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.

Codes of Finance: Engineering Derivatives in a Global Bank

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Paperback / softback by Vincent Antonin Lépinay

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The financial industry's invention of complex products such as credit default swaps and other derivatives has been widely blamed for... Read more

    Publisher: Princeton University Press
    Publication Date: 07/12/2014
    ISBN13: 9780691163956, 978-0691163956
    ISBN10: 0691163952

    Number of Pages: 304

    Non Fiction , Business, Finance & Law

    Description

    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 Lepinay, 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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