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, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 28 May 2022

The Costs of Price

The Costs of Price

(p.182) Chapter 6 The Costs of Price
Codes of Finance

Vincent Antonin Lépinay

Princeton University Press

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

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.