Pablo Triana is a professor at ESADE Business School, and the author of Lecturing Birds On Flying (also by Wiley) and Corporate Derivatives. He has published widely on risk management, derivatives, and banking regulation in many of the world's leading financial and business imprints. He has held various roles in the financial industry.
Introduction When a Tie Is More Than Just a Tie ix
April 28, 2004 Steve Benardete Gets His Wish; The World Suffers xxvii
Chapter 1 The Greatest Story Never Told 1
Chapter 2 Origins 49
Chapter 3 They Tried to Save Us 71
Chapter 4 Regulatory Embracement 89
Chapter 5 Abetting the CDO Party 113
Chapter 6 VaR Goes to Washington 161
Chapter 7 The Common Sense That Should Rule the World 181
Finale The Perils of Making the Simple Too Complex 213
Guest Contributions 223
Why Was VaR Embraced?
A Q&A with Nassim Taleb 223
A Pioneer Wall Street Rocket Scientist’s View An Essay by Aaron Brown 226
About the Author 253