Anzeige
Erschienen in:
2010 | OriginalPaper | Buchkapitel
Tensions Between Economic Policies, Technology and Bankers’ Professional Perceptions
verfasst von : Jocelyn Pixley
Erschienen in: Financial Markets and Organizational Technologies
Verlag: Palgrave Macmillan UK
Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.
Wählen Sie Textabschnitte aus um mit Künstlicher Intelligenz passenden Patente zu finden. powered by
Markieren Sie Textabschnitte, um KI-gestützt weitere passende Inhalte zu finden. powered by
‘Risk management can never achieve perfection.’ Alan Greenspan, former chair of the US Federal Reserve (the Fed) wrote this after the credit crisis broke. He still has faith in risk management, saying problems lay not with regulators’ inaction, but with the people using products like derivatives, who became ‘greedy’ and dishonourably peddled them. He implies they lacked the integrity and reliability of ‘the pharmacist who fills out the prescription ordered by our physician’.1 This typical moral argument embodies one of the tensions explored here. The logic is that technical risk models would be perfect were it not for their abuse by people.