Global Derivative Debacles: From Theory To Malpractice

Deriv­a­tives: The Wild Beast of Finance pro­vides an in-depth analy­sis of major deriv­a­tives dis­as­ters over the past fifty years—from Met­allge­sellschaft and Bar­ings Bank to AIG and JP Morgan’s “Lon­don Whale.” Through detailed case stud­ies, the book expos­es how flawed finan­cial engi­neer­ing, spec­u­la­tion, and weak risk con­trols led to mas­sive loss­es, under­scor­ing the need for smarter over­sight and respon­si­ble use of deriv­a­tives in mod­ern finance.