Codes of Finance
Engineering Derivatives in a Global Bank
Vincent Antonin Lépinay


The financial industry's invention of complex products such as credit default swaps and other derivatives has been widely blamed for triggering the global financial crisis of 2008. In Codes of Finance, Vincent Antonin Lépinay, a former employee of one of the world’s leading investment banks, takes readers behind the scenes of the equity derivatives business at the bank before the crisis, providing a detailed firsthand account of the creation, marketing, selling, accounting, and management of these financial instruments—and of how they ultimately created havoc inside and outside the bank.

Vincent Antonin Lépinay is associate professor in the sociology department at Sciences Po in Paris. He is also head of the Center for Science and Technology Studies at the European University at St. Petersburg. He is the coauthor (with Bruno Latour) of The Science of Passionate Interests.