"When Prime Brokers Fail" is a detailed look at the relationship between hedge funds and their brokerages and the risks that multiply in extraordinary markets. This relationship has been the source of unexpected risk for banks lending to highly leveraged hedge funds, as well as for the funds...

A risk advisor for top financial institutions explains how limitless risky behaviors toppled a 158-year-old institution, using the story to illuminate the interconnection of the global financial system, as well as broader policy implications