| Document Type
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BL
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| Record Number
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632489
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| Doc. No
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dltt
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| Main Entry
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Lépinay, Vincent Antonin
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| Title & Author
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Codes of finance : : engineering derivatives in a global bank /\ Vincent Antonin Lépinay
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| Page. NO
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xxi, 280 pages :: illustrations ;; 24 cm
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| ISBN
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9780691163956
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: 9780691151502
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: 0691151504
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: 0691163952
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| Bibliographies/Indexes
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Includes bibliographical references and index
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| Contents
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Introduction: access and questions -- Thinking financially and exploring the code -- Hedging and speculating with portfolios -- The room as a market -- The memory of banking -- Selling finance and the promise of contingency -- The costs of price -- Reverse finance -- Conclusion: what good are derivatives?
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| Abstract
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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 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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| Subject
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Financial engineering, Case studies
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| Subject
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Derivative securities, Case studies
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| Subject
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Bank management, Case studies
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| Subject
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Selling-- Banks and banking, Case studies
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