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Author: Andrew DeJoy
Publisher: Simon and Schuster
ISBN: 1637630689
Category : Business & Economics
Languages : en
Pages : 243
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Book Description
Andrew DeJoy’s Behind the Swap examines the risks involved in post-trade processing in swaps and derivative markets, and provides solutions to better control those risks. While Andrew doesn’t claim to have all the answers, he does believe there is a way to create a safer, stronger, and better financial system for all stakeholders. In August of 2020, Citibank made one of the worst mistakes in banking history: it accidently sent out almost $900 million of its own funds. Many of the recipients didn’t give back the money. Citibank sued. And a federal court ruled that the recipients could keep the funds. Citibank’s error is not surprising. The underlying contributors that led to the mistaken payment permeate the global financial services industry. Manual data entry, decades old technological infrastructure, inadequate training, and systems that can’t interact with one another are just a few of the problems that face post-trade processing—the machinery behind financial markets. Unfortunately, years of neglect by regulators and financial institutions themselves has left this infrastructure needlessly complex, astoundingly inefficient, frequently inaccurate, and woefully inadequate for modern financial markets. Behind the Swap helps explain what’s driving the recent series of banking blunders like Barclay’s $678 million clerical error, and Citibank’s fat-finger Flash Crash that caused an 8% decline in the Swedish stock market. The book also touches on concepts that readily connect to Credit Suisse’s $5.5 billion loss on its trades with Archegos. The problems are easy to see but difficult to admit. For financial institutions, the current system costs billions of dollars each year in labor, systems maintenance, and lost funds. For regulators, the current system precludes the ability to track systemic risk. It also artificially inflates the stability of the global financial system. For lawyers and prosecutors, the current system allows ample opportunity for unlawful misconduct such as rogue trading and fraud.
Author: Andrew DeJoy
Publisher: Simon and Schuster
ISBN: 1637630689
Category : Business & Economics
Languages : en
Pages : 243
Get Book Here
Book Description
Andrew DeJoy’s Behind the Swap examines the risks involved in post-trade processing in swaps and derivative markets, and provides solutions to better control those risks. While Andrew doesn’t claim to have all the answers, he does believe there is a way to create a safer, stronger, and better financial system for all stakeholders. In August of 2020, Citibank made one of the worst mistakes in banking history: it accidently sent out almost $900 million of its own funds. Many of the recipients didn’t give back the money. Citibank sued. And a federal court ruled that the recipients could keep the funds. Citibank’s error is not surprising. The underlying contributors that led to the mistaken payment permeate the global financial services industry. Manual data entry, decades old technological infrastructure, inadequate training, and systems that can’t interact with one another are just a few of the problems that face post-trade processing—the machinery behind financial markets. Unfortunately, years of neglect by regulators and financial institutions themselves has left this infrastructure needlessly complex, astoundingly inefficient, frequently inaccurate, and woefully inadequate for modern financial markets. Behind the Swap helps explain what’s driving the recent series of banking blunders like Barclay’s $678 million clerical error, and Citibank’s fat-finger Flash Crash that caused an 8% decline in the Swedish stock market. The book also touches on concepts that readily connect to Credit Suisse’s $5.5 billion loss on its trades with Archegos. The problems are easy to see but difficult to admit. For financial institutions, the current system costs billions of dollars each year in labor, systems maintenance, and lost funds. For regulators, the current system precludes the ability to track systemic risk. It also artificially inflates the stability of the global financial system. For lawyers and prosecutors, the current system allows ample opportunity for unlawful misconduct such as rogue trading and fraud.
Author: David Boberski
Publisher: John Wiley & Sons
ISBN: 0470883251
Category : Business & Economics
Languages : en
Pages : 223
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Book Description
For traders trying to navigate the increasingly volatile credit default swap market, CDS Delivery Option provides worked-out examples, over 30 charts, a case study of Delphi, and detailed explanations of how the subprime crisis caused the credit crisis and the near collapse of the GSEs. The book includes detailed information on: how to value a CDS contract how to value the delivery option how contract value changes when the yield curve flattens or becomes steeper how contract value changes with bullish or bearish market moves how to figure out when to buy protection and when to sell protection how to hedge CDS risk when and how to unwind a contract prior to settlement when to hold a trade through delivery how to navigate a "squeeze" (when the notional value of contracts going through delivery is larger than the supply of the cheapest-to-deliver issue) when buying contracts can make their prices go down how to construct a basis trade how to find arbitrage opportunities how to analyze default probability and corporate debt when to settle via auction and when to settle via physical delivery which note is the cheapest to deliver This book is an indispensable resource for all market professionals working in the CDS market.
Author: Brynn W. Shiovitz
Publisher: Oxford University Press
ISBN: 0197553095
Category : Music
Languages : en
Pages : 401
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Book Description
How and why was outdated racial content - and specifically blackface minstrelsy - not only permitted, but in fact allowed to thrive during the 1930s and 1940s despite the rigid motion picture censorship laws which were enforced during this time? Introducing a new theory of covert minstrelsy, this book illuminates Hollywood's practice of capitalizing on the Africanist aesthetic at the expense of Black lived experience. Through close examination of the musicals made during this period, this book shows how Hollywood utilized a series of covert "guises" or subterfuges-complicated and further masked by a film's narrative framing and novel technology to distract both censors and audiences from seeing the ways in which they were being fed a nineteenth-century White narrative of Blackness. Drawing on the annals of Hollywood's most popular and its extremely rare films, Behind the Screen uncovers a half century of blackface application by delicately removing the individual layers of disguise through close analyses of films which paint tap dance, swing, and other predominantly Africanist forms in a negative light. This book goes beneath the image of recognizable White performers including Al Jolson, Eddie Cantor, Fred Astaire, and Eleanor Powell, exploring the high cost of their onscreen representational politics. The book also recuperates the stories of several of the Black artists whose labor was abused during the choreographic and filming process. Some of the many newly documented stories include those of The Three Chocolateers, The Three Eddies, The Three Gobs, The Peters Sisters, Jeni Le Gon, and Cora La Redd. In stripping away the various disguises involved during Hollywood's Golden Age, Behind the Screen recovers the visibility of Black artists whose names Hollywood omitted from the credits and whose identities America has written out of the national narrative.
Author: David Barnes
Publisher: Casemate Publishers
ISBN: 0857906011
Category : Sports & Recreation
Languages : en
Pages : 685
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Book Description
A rugby history based on exclusive interviews that “takes the reader as close to the action as it is possible to get, short of invading the pitch” (The Scotsman). Based on exclusive interviews with players past and present, Behind the Thistle gives a unique insight into the drama and emotion of representing Scotland in that most rarefied of environments—Test match rugby. Drawing on firsthand interviews from a vast array of former and current players, from Russell Bruce and Frank Coutts in the 1940s all the way through to the present day, the authors uncover the heart and soul of Scottish rugby, recounting the ecstasy of victory and the despair of defeat, drawing out innumerable humorous anecdotes and heartwarming memories. Behind the Thistle provides inside access to the private moments in the changing and team rooms, on tour, and on the pitch itself. From the tension before kick-off to the tumultuous heat-of-battle and the high jinks thereafter, this is the story of what it is like to play for Scotland, and the sacrifices and joys experienced by those who have shed blood, sweat, and tears in pursuit of glory in the international jersey. Absorbing, illuminating, and compelling, this is a must-have for all supporters who have dreamed of playing for Scotland. “Really good reminiscences from hosts of Scottish rugby greats about a host of great Scotland rugby occasions.” —Sunday Times
Author: Johanna Rothman
Publisher: Pragmatic Bookshelf
ISBN: 1680503162
Category : Computers
Languages : en
Pages : 186
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Book Description
Great management is difficult to see as it occurs. It's possible to see the results of great management, but it's not easy to see how managers achieve those results. Great management happens in one-on-one meetings and with other managers---all in private. It's hard to learn management by example when you can't see it. You can learn to be a better manager---even a great manager---with this guide. You'll follow along as Sam, a manager just brought on board, learns the ropes and deals with his new team over the course of his first eight weeks on the job. From scheduling and managing resources to helping team members grow and prosper, you'll be there as Sam makes it happen. You'll find powerful tips covering: Delegating effectively Using feedback and goal-setting Developing influence Handling one-on-one meetings Coaching and mentoring Deciding what work to do---and what not to do ...and more. Full of tips and practical advice on the most important aspects of management, this is one of those books that can make a lasting andimmediate impact on your career.
Author: Peter Spiegler
Publisher: Cambridge University Press
ISBN: 1107069661
Category : Business & Economics
Languages : en
Pages : 233
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Book Description
This book looks 'behind the model' to show how formal models of the economy work - and why they sometimes fail.
Author: Andrew Gerow Hodges Jr.
Publisher: Penguin
ISBN: 0593184807
Category : History
Languages : en
Pages : 369
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Book Description
Now in paperback at a special value price, the true story of World War II American Red Cross volunteer Andrew Hodges, who traveled behind enemy lines to negotiate the release of 149 Allied prisoners of war. In 1944, hundreds of Allied soldiers were trapped in POW camps in occupied France. The odds of their survival were long. The odds of escaping, even longer. But one man had the courage to fight the odds... An elite British S.A.S. operative on an assassination mission gone wrong. A Jewish New Yorker injured in a Nazi ambush. An eighteen-year-old Gary Cooper lookalike from Mobile, Alabama. These men and hundreds of other soldiers found themselves in the prisoner-of-war camps off the Atlantic coast of occupied France, fighting brutal conditions and unsympathetic captors. But, miraculously, local villagers were able to smuggle out a message from the camp, one that reached the Allies and sparked a remarkable quest by an unlikely—and truly inspiring—hero. Andy Hodges had been excluded from military service due to a lingering shoulder injury from his college-football days. Devastated but determined, Andy refused to sit at home while his fellow Americans risked their lives, so he joined the Red Cross, volunteering for the toughest assignments on the most dangerous battlefields. In the fall of 1944, Andy was tapped for what sounded like a suicide mission: a desperate attempt to aid the Allied POWs in occupied France—alone and unarmed, matching his wits against the Nazi war machine. But, despite the likelihood of failure, Andy did far more than deliver much-needed supplies. By the end of the year, he had negotiated the release of an unprecedented 149 prisoners—leaving no one behind. This is the true story of one man's selflessness, ingenuity, and victory in the face of impossible adversity.
Author: David P. McMullan
Publisher: AuthorHouse
ISBN: 1665534451
Category : Fiction
Languages : en
Pages : 408
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Book Description
When top diplomats from the United States and South Africa, along with the Secretary-General of the United Nations, find themselves fighting for their lives in the Jungles of the Congo, the inherent dangers from the inhabitants pale to the real danger that awaits them. While on a diplomatic mission to South Africa, their plane is shot down over the Congo by radical terrorists determined to use this act of brutality to propel them to prominence. When the rocket fails to destroy the plane in the air, the terrorists must reach the survivors before they can be rescued and finish the job. Only under such adverse conditions can one truly know what he or she is capable of doing when faced with just two choices: survive or perish. No Man Left Behind is the third adventure novel in the successful Jake Patrick series. After the critically acclaimed successes of Behind The Curtain and State of Mind, the author has chosen to take Jake’s team away from the United States and place them in unfamiliar surroundings where danger comes in many forms, all of which have deadly consequences.
Author: Gene Roberts
Publisher: University of Arkansas Press
ISBN: 1557287716
Category : Language Arts & Disciplines
Languages : en
Pages : 413
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Book Description
The American newspaper industry is in the middle of the most momentous change in its entire three-hundred-year history. A generation of relentless "corporatization" has resulted in a furious, unprecedented blitz of buying, selling, and consolidation of newspapers, accompanied by dramatic -- and drastic -- change in reporting and coverage of all kinds. Concerned that this phenomenon was going largely unreported, Gene Roberts, legendary reporter and editor, decided to undertake a huge, extended reportorial study of his own industry, what would become the Project on the State of the American Newspaper. Gathering more than two dozen distinguished journalists and writers, Roberts produced a long series of reports in the American Journalism Review, published by the University of Maryland's Philip Merrill College of Journalism, asking the crucial question: Are American communities -- in the very middle of the so-called information explosion -- in danger of becoming less informed than ever?
Author: Richard W. Jenkins
Publisher: Fresh Ink Group
ISBN: 1936442523
Category : Poetry
Languages : en
Pages : 310
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Book Description
Come, take a peek Behind the Smile; a world you’ve never known before awaits your pleasures for a while ... there’s wonderment for you in store. From Free Verse poetry to Sonnets, Ballads, and many more poetic forms and styles, this incomparably amazing collection of 145 selected poems by master poet Richard W. Jenkins is not your everyday smattering of poetic jargon. They will captivate and embrace your senses, taking you on a metaphorical journey of inner exploration and sheer enthrallment that will entice you irresistibly back into their pages—time and again. Aficionados will appreciate the author’s breakdowns of the poems’ 52 forms, including some of his widely used originals. This treasure belongs within easy reach of every poetry lover. Whom could who feels what all we do not yearn a deeper bite, when each delicious taste we take flavors our world just right?
