Codes of Finance: Engineering Derivatives in a Global Bank by Vincent Antonin Lépinay
English | August 21st, 2011 | ISBN: 0691163952, 0691151504 | 304 pages | True EPUB | 2.10 MB
English | August 21st, 2011 | ISBN: 0691163952, 0691151504 | 304 pages | True EPUB | 2.10 MB
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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