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Codes of FinanceEngineering Derivatives in a Global Bank$
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Vincent Antonin Lépinay

Print publication date: 2011

Print ISBN-13: 9780691151502

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691151502.001.0001

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The Costs of Price

The Costs of Price

Chapter:
(p.182) Chapter 6 The Costs of Price
Source:
Codes of Finance
Author(s):

Vincent Antonin Lépinay

Publisher:
Princeton University Press
DOI:10.23943/princeton/9780691151502.003.0008

This chapter introduces the other side of the bank where the costs of the CGPs are revealed. These high-maintenance products create new costs and challenge existing accounting techniques. Against this opacity, investors have demanded that specific accounting rules be adopted. They have pressed for more transparent disclosure requirements and a new bank organizational strategy. Investors owning General Bank shares had no direct way of monitoring the secret and opaque strategies conducted by the bank. Indeed, the bank itself did not always assess properly its risks and costs. Only after having launched these innovative products did it try to devise ways of counting them and measuring their costs. Investors are entitled to these regular snapshots of the bank so that they can make informed decisions when allocating their resources.

Keywords:   CGPs, costs, risks, high-maintenance products, investors, General Bank, opaque strategies

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