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

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  • Fabian Muniesa
  • Dominique Chabert
  • Marceline Ducrocq-Grondin
  • Susan V. Scott

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. Copyright 2011 The Author 2011. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved., Oxford University Press.

Suggested Citation

  • Fabian Muniesa & Dominique Chabert & Marceline Ducrocq-Grondin & Susan V. Scott, 2011. "Back-office intricacy: the description of financial objects in an investment bank," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 20(4), pages 1189-1213, August.
    • Handle: RePEc:oup:indcch:v:20:y:2011:i:4:p:1189-1213
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    File URL: http://hdl.handle.net/10.1093/icc/dtr020
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    Cited by:

    1. Troels Krarup, 2016. "Economic Discourse and the European Integration of Financial Infrastructures and Financial Markets," SciencePo Working papers Main hal-03459272, HAL.
    2. repec:spo:wpmain:info:hdl:2441/5roa67nl3t9vmaafofq0ug2d9d is not listed on IDEAS
    3. Jerzy Kaźmierczyk & Jerzy Kaźmierczyk & Mateusz Aptacy, 2016. "The management by objectives in banks: the Polish case," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 4(2), pages 146-158, December.
    4. repec:hal:spmain:info:hdl:2441/5roa67nl3t9vmaafofq0ug2d9d is not listed on IDEAS
    5. Krarup, Troels, 2016. "Economic discourse and the European integration of financial infrastructures and financial markets," MaxPo Discussion Paper Series 16/2, Max Planck Sciences Po Center on Coping with Instability in Market Societies (MaxPo).

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