This webinar offers a more practical approach to reform, based on the case study of a trading room manager who redesigned his organisation to avoid possible scandals. Daniel witnessed this experiment in real time for three years and revisited it ten years later to establish what worked and what did not.
Daniel's analysis suggests the use of models to control employees (e.g. value at risk models to limit expected losses in traders’ positions) creates perceptions of injustice when these models prove inaccurate, leading traders to morally disengage. Based on the case study example, his analysis also suggests alternatives that do not create disengagement. Hear about Daniel's findings on this webinar.
Topics covered
- Learn what a trading floor really looks like and what goes on behind the scenes
- Learn how technology is taking over so much of what traders used to do. Daniel shows that today’s technological, not-so-perfect models can wreak havoc
- Hear Daniel's unique ability to demonstrate trading room groups at work with and without moral oversight
- Hear Daniel's very strong case for re-establishing a moral footing within these institutions, thereby protecting against future financial crises
Broadcast on 22 September 2020
Webinar resources
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