The Importance and Criticality of Spreadsheets in the City of London — mentioned by DanBC

Mon, 11 Feb 2013 09:13:39 GMT

There were several things that broke with the London Whale. And spreadsheets are not to blame for things like LIBOR fixing, or late trading on mutual funds or any of the other fraudulent practices of big banking. But still, spreadsheets are full of normal human errors, and based on flawed assumptions, with little oversight, and they control huge amounts of money in novel instruments. From EuSpRIG: > "This market grew very quickly due to the ease with which it was possible to design and promulgate opaque financial instruments based on large spreadsheets with critical flaws in their key…

Paper and discussion history. A mention is not an endorsement.

The Importance and Criticality of Spreadsheets in the City of London — HN submission

Thu, 27 Sep 2007 19:16:11 GMT

The Importance and Criticality of Spreadsheets

Interesting read in light of the recent Excel error stories. Spreadsheet errors are claimed to have directly led to adverse events involving "many tens of millions of pounds".

1 point; 0 discussion replies on HN. Paper and source history. A submission is not an endorsement.

The Importance and Criticality of Spreadsheets in the City of London · HackerPapers discussions

The Importance and Criticality of Spreadsheets in the City of London — mentioned by DanBC

The Importance and Criticality of Spreadsheets in the City of London — HN submission