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Barometer of Fear: An Insider's Account of Rogue Trading and the Greatest Banking Scandal in History

Autor Alexis Stenfors
en Limba Engleză Paperback – 14 mai 2017
The LIBOR affair has been described as the 'biggest banking scandal in history', a deception affecting not only banks but also corporations, pension funds and ordinary people. But was this just the tip of the iceberg? Was the scandal the work of a few 'bad apples' or an inevitable result of a financial system rotten to its core? Labelled 'one of the world's most infamous rogue traders' in the wake of a mis-marking scandal, Alexis Stenfors went on to rebuild his life and now guides us through the shadowy world of modern banking, providing an insider's account of the secret practices - including the manipulation of foreign exchange rates - which have allowed banks to profit from systematic deception. Containing remarkable and often shocking insights derived from his own experiences in the dealing room, as well as his spectacular fall from grace at Merrill Lynch, Barometer of Fear draws back the curtain to a realm that for too long has remained hidden from public view.
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Specificații

ISBN-13: 9781783609284
ISBN-10: 1783609281
Pagini: 336
Dimensiuni: 127 x 197 x 30 mm
Greutate: 0.32 kg
Editura: ZED BOOKS
Colecția Zed Books
Locul publicării:London, United Kingdom

Cuprins


Notă biografică

Alexis Stenfors

Descriere

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.

Recenzii

“A fascinating insight into the culture of modern banking and the psychology of risk-taking on the trading floor.”

“[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.’”

“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.”

“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 Fearoffers deep insights in to the workings of the machinery that is the global financial system.“

“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.”