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Taking the Floor

Taking the Floor

Models, Morals, and Management in a Wall Street Trading Room

by Daniel Beunza
Paperback
Publication Date: 21/09/2021

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A decade after the 2008 financial crisis, the need to instill restraint on Wall Street continues to haunt bank executives and regulators. At the heart of this challenge lies the problem of influencing people-whether traders, analysts, or managers-when their behavior is ultimately controlled by financial models. Taking the Floor examines this subject by investigating the case of a Wall Street executive who reorganized his own trading floor in an effort to address the issues that had tarnished derivatives trading. Based on extensive behind-the-scenes observations, Daniel Beunza documents this experiment and distills the lessons it offers: What worked? What didn't? What can we learn from this attempt? Taking the Floor provides a viable alternative to the top-down, compliance-based approach to improving the prevailing banking culture. Book jacket.
ISBN:
9780691204772
9780691204772
Category:
Working patterns & practices
Format:
Paperback
Publication Date:
21-09-2021
Language:
English
Publisher:
Princeton University Press
Country of origin:
United States
Dimensions (mm):
235x156x19mm
Weight:
0.52kg

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