Jump to ContentJump to Main Navigation
Codes of FinanceEngineering Derivatives in a Global Bank$
Users without a subscription are not able to see the full content.

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

Show Summary Details
Page of

PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2017. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in HSO for personal use (for details see http://www.universitypressscholarship.com/page/privacy-policy).date: 22 April 2018

Reverse Finance

Reverse Finance

Chapter:
(p.204) Chapter 7 Reverse Finance
Source:
Codes of Finance
Author(s):

Vincent Antonin Lépinay

Publisher:
Princeton University Press
DOI:10.23943/princeton/9780691151502.003.0009

This chapter explains how intimate relations between the bank and its clients and investors strain the bank's boundaries. The intrusion of investors reversed the privileges of the trading room: from being an aggressively calculating center, it became subjected to calculations by investors; from being an engineer of finance, it became engineered by finance. Shareholders who intrude into the bank demand that banks be run as portfolios of securities are handled, which goes beyond the request that management rules be made public. They demand that the firm be nothing but a bundle of cleanly priced activities on par with, and comparable with, securities. This enforced porosity spurred a reaction among financial operators to engage in “reverse finance” to slow down the process of commoditization that threatened them.

Keywords:   reverse finance, banks, clients, investors, trading room, securities, commoditization, financial operators

Princeton Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.