TY - BOOK AU - Lepinay, Vincent Antonin TI - Codes of finance : engineering derivatives in a global bank SN - 9 780 691 151 502 U1 - 332.6457 LEP PB - Princeton University Press KW - Bank management KW - Derivative securities KW - Financial engineering KW - Selling--Banks and banking N1 - T R Pub; 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? N2 - 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. Codes of Finance takes readers behind the scenes of the equity derivatives business at one of the world's leading investment banks 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 ER -