Link: Podcast of Beunza’s presentation at Goldsmiths Political Economy Research Centre
Morality and Modeling in a Wall Street Trading Room, presentation at Goldsmiths College
Why work from Wall Street when you can WFH? Gillian Tett on Taking the Floor
“More than 20 years ago financiers realised that social networks mattered – even (or especially) in an age of electronic trading. Covid-19 is hammering this message home again. Perhaps it is time for Beunza to do another fly-on-the-wall study – this time in pool houses, mountain huts and home offices.”
Taking the Floor, reviewed in the LSE Review of Books
“Taking the Floor is a significant contribution to social studies of finance and economic sociology more broadly”
Link: LSE Review of Books
“Improving Bank Culture”, published in FS Focus Magazine of the Institute of Chartered Accountants of England and Wales
“Enforcing norms of prudence and restraint in a manner that is perceived as fair should be done by a manager – not by a model”
Faced with the limits of the financial reforms introduced since 2010, central bankers and regulators have recently turned to bank culture. This is not entirely unexpected, for reforms such as separating proprietary trading from commercial banking were structural. Durable organisational change requires a cultural approach too.
Taking the Floor, reviewed in RiskNET, a European network of risk management professionals.
“Beunza opens the black box of a Wall Street trading room and presents the reader with a surprising picture of morality and governance”.
“When Morals Meet Models”, published in IESE Insight
Link: When morals meet models: ethics in banking
Models, when used correctly, need not create moral disengagement.
“People watching offers bankers a fresh approach to cultural change”
“In February, a group of bank employees spread out across the London School of Economics’ campus to quietly observe the behaviour of students and academics. They watched them in the park, library and coffee shops as an exercise in ethnography, a practice usually associated with studying the behaviour and customs of remote tribes.
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