Financial Markets and Organizational Technologies System Architectures, Practices and Risks in the Era of Deregulation

The progressive financial deregulation, following the abolishment of the Bretton Woods System in the early 1970s, changed the use and the configuration of technologies in the organizational contexts of finance. Information systems and financial engineering have led to an unprecedented reinvention of the business of banking. Written by experts from the social studies of finance, information systems specialists, and historians and sociologists of technology, this book explains why the management and the regulation of financial organizations, especially in periods of crises with systemic consequences, requires an understanding of the complex techno-organizational landscapes which emerged from this evolution. It shows the interconnection between the difficulty of overcoming the financial and operational risks we are facing, and the global webs of organizational and technological complexity.

Alexandros-Andreas Kyrtsis is Professor of Sociology at the University of Athens, Greece. Previously, he worked as an adviser for banks and It firms. His current research focuses on the analysis of the techno-organizational backstage of financial markets.