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Traders and finance: Laurie Taylor explores the world of trading and banking.

Traders and finance: Daniel Beunza - Associate Professor in the Cass Business School at City, University of London, talks to Laurie Taylor about his study of a Wall Street derivatives-trading room. In particular, he explores how the extensive use of financial models and trading technologies over recent decades has exerted a far-ranging influence on Wall Street , one which should alert us to the risks of moral disengagement caused by a dependence on ‘models’. Also, Anastasia Nesvetailova, Director of City Political Economy Research Centre at City, University of London , argues that financial malpractice is not an anomaly, but part of a business model of finance which involves the sabotaging of competitors, clients and even the state.

Producer: Jayne Egerton

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28 minutes

Last on

Monday 00:15

Further Reading

Taking the Floor: Models, Morals and Management in a Wall Street Trading Room by Daniel Beunza

Sabotage: The Business of Finance by Anastasia Nesvetailova and Ronen Palan

 

Broadcasts

  • Wed 1 Jul 2020 16:00
  • Monday 00:15

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