Global Derivative Debacles : From Theory to Malpractice

Should derivatives be feared "as financial weapons of mass destruction" or hailed as financial innovations which through efficient risk transfer are truly adding to the Wealth of Nations? By presenting a factual analysis of how the malpractice of derivatives played havoc with derivative end-user and dealer institutions, a case is made for vigilance not only to market and counter-party risk but also operational risk in their use for risk management and proprietary trading. Clear and recurring lessons across the different stories in this volume call not only for a tighter but also "smarter" control system of derivatives trading and should be of immediate interest to financial managers, bankers, traders, auditors and regulators who are directly or indirectly exposed to financial derivatives.

Author: Laurent L. Jacque

Publisher: World Scientific Publishing Company Incorporated

Publication Date: Jul 10, 2015

Number of Pages: 338 pages

Language: English

Binding: Hardcover

ISBN-10: 9814663247

ISBN-13: 9789814663243