Back-office intricacy: the description of financial objects in an investment bank

Abstract : The complexity of contemporary finance translates into what we call the problem of "description": the problem of constructing robust, flexible, portable, and mutually compatible depictions of complex, multisided, and often ambiguous financial objects (products, trades, marketplaces). This problem is characteristically exacerbated in back-office operations within the financial services industry. We provide a case study in the form of a qualitative examination of back- and middle-office operations in an international investment bank. We analyze the manifold manifestations of the problem of description within this bank.
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https://halshs.archives-ouvertes.fr/halshs-00610860
Contributor : Fabian Muniesa <>
Submitted on : Monday, July 25, 2011 - 10:52:25 AM
Last modification on : Thursday, November 21, 2019 - 2:28:23 AM

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Fabian Muniesa, Dominique Chabert, Marceline Ducrocq-Grondin, Susan V. Scott. Back-office intricacy: the description of financial objects in an investment bank. Industrial and Corporate Change, Oxford University Press (OUP), 2011, 20 (4), pp.1189-1213. ⟨10.1093/icc/dtr020⟩. ⟨halshs-00610860⟩

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