Global Derivatives Debacles: From Theory to Malpractice
This timely and well-written book is a must read for anyone directly or indirectly involved in financial markets and instruments as well as risk management. By telling actual stories of how rogue traders and incompetent managers put their firms at risk, the author demystifies the complex world of financial derivatives. His incisive and in-depth analysis of all major derivatives debacles should help the reader understand what happened and avoid future disasters. --Gabriel Hawawini -- The Henry Grunfeld Professor of Investment Banking, INSEADThe author has written a book whose clarity makes it accessible to a wide range of practitioners and executives, and he brings the technical subject matter to life through the concrete examples of the highest profile failures in the use of derivatives --B Craig Owens -- Senior Vice President and Chief Financial Officer, Campbell SoupThe book is a timely contribution to a subject that has been at the epicenter of the current financial crisis ... Learning from past mistakes and applying the lessons is what sets this book apart and should make it a useful guide for practitioners. -- Dr Oliver S Kratz --Head of Global Thematic Equities, Deutsche BankThe author has written a book whose clarity makes it accessible to a wide range of practitioners and executives, and he brings the technical subject matter to life through the concrete examples of the highest profile failures in the use of derivatives --B Craig Owens -- Senior Vice President and Chief Financial Officer, Campbell SoupThe book is a timely contribution to a subject that has been at the epicenter of the current financial crisis ... Learning from past mistakes and applying the lessons is what sets this book apart and should make it a useful guide for practitioners. --Dr Oliver S Kratz -- Head of Global Thematic Equities, Deutsche Bank