Barometer of Fear
An Insider’s Account of Rogue Trading and the Greatest Banking Scandal in History
Alexis Stenfors
Barometer of Fear
An Insider’s Account of Rogue Trading and the Greatest Banking Scandal in History
Alexis Stenfors
Hardback / gebonden
|
Engels
€ 111,95
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Labelled a 'rogue trader' after a mismarking scandal, Alexis Stenfors reveals the murky truth about banks and how the rigging of LIBOR - described as 'the biggest banking scandal in history' - and the more recent foreign exchange (FX) scandals are just the tip of the iceberg.
The most shocking element of Stenfors’s new book is that it confirms that the economic crisis, which was effectively created by the banks, did very little to make the banks address their bad habits.
[Stenfors] has written a beautifully literate, Jonathan Swift-referencing book about the dark side of the City and in particular Libor, the London interbank offered rate that was once dubbed the “barometer of fear”.
A searingly honest account of the activities of traders in the world's global markets, written in an accessible style by a brilliant, but touchingly human trader who found himself at the very vortex of the great financial crisis. Barometer of Fear offers deep insights in to the workings of the machinery that is the global financial system.
A fascinating insight into the culture of modern banking and the psychology of risk taking on the trading floor.
Stenfors uncovers how unregulated finance operates, or more precisely how traders think. He exposes a system out of control, incapable of self-restraint, nourishing rogue behaviour and ready to burst again at any time.
Alexis Stenfors spent 15 years as a trader at HSBC, Citi, Crédit Agricole and Merrill Lynch. In 2009, he found himself at the centre of a ‘mispricing’ scandal which would eventually result in him being described as one of the ‘world’s most infamous rogue traders’. He is currently Senior Lecturer in Economics and Finance at Portsmouth Business School.
Alexis Stenfors spent 15 years as a trader at HSBC, Citi, Crédit Agricole and Merrill Lynch. In 2009, he found himself at the centre of a ‘mispricing’ scandal which would eventually result in him being described as one of the ‘world’s most infamous rogue traders’. He is currently Senior Lecturer in Economics and Finance at Portsmouth Business School.
The most shocking element of Stenfors’s new book is that it confirms that the economic crisis, which was effectively created by the banks, did very little to make the banks address their bad habits.
[Stenfors] has written a beautifully literate, Jonathan Swift-referencing book about the dark side of the City and in particular Libor, the London interbank offered rate that was once dubbed the “barometer of fear”.
A searingly honest account of the activities of traders in the world's global markets, written in an accessible style by a brilliant, but touchingly human trader who found himself at the very vortex of the great financial crisis. Barometer of Fear offers deep insights in to the workings of the machinery that is the global financial system.
A fascinating insight into the culture of modern banking and the psychology of risk taking on the trading floor.
Stenfors uncovers how unregulated finance operates, or more precisely how traders think. He exposes a system out of control, incapable of self-restraint, nourishing rogue behaviour and ready to burst again at any time.
Alexis Stenfors spent 15 years as a trader at HSBC, Citi, Crédit Agricole and Merrill Lynch. In 2009, he found himself at the centre of a ‘mispricing’ scandal which would eventually result in him being described as one of the ‘world’s most infamous rogue traders’. He is currently Senior Lecturer in Economics and Finance at Portsmouth Business School.
Alexis Stenfors spent 15 years as a trader at HSBC, Citi, Crédit Agricole and Merrill Lynch. In 2009, he found himself at the centre of a ‘mispricing’ scandal which would eventually result in him being described as one of the ‘world’s most infamous rogue traders’. He is currently Senior Lecturer in Economics and Finance at Portsmouth Business School.