Codes of Finance

Download or read book Codes of Finance written by Vincent Antonin Lépinay and published by Princeton University Press. This book was released on 2011-08-08 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.