Behind the Swap : The Broken Infrastructure of Risk Management and a Framework for a Better Approach

Forefront Books

Explore the intricacies of risk management in derivatives and swaps with Andrew DeJoy's "Behind the Swap." This hardcover book delves into the broken infrastructure of financial markets, offering a framework for a more robust and secure approach. Discover the underlying causes of major banking errors, such as Citibank's mistaken $900 million payment and Barclays' $678 million clerical error, stemming from manual data entry, outdated technology, and inadequate training. "Behind the Swap" sheds light on how these systemic issues impact billions in costs annually for financial institutions, hinder regulatory oversight of systemic risk, and create opportunities for misconduct like rogue trading and fraud. Gain insights into creating a safer financial system for all stakeholders. Key takeaways: * Analysis of post-trade processing risks in swaps and derivatives. * Identification of contributing factors to major financial blunders. * A proposed framework for a better, more secure financial system. * Discussion on the impact of inadequate infrastructure on financial institutions and regulators. Summary: Forefront Books - Behind the Swap - Hardcover Book - Business & finance - English - 304 pages - Published 10/05/2022