The robotisation of financial activities:
a cybernetic perspective
Hubert Rodarie – Groupe SMA

Extreme events in finance

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This chapter provides a practitioner’s perspective on the ongoing development practice in the organization of the financial world. Based on observations on mounting complexity since the crisis of 2007, we analyze this mechanization of these activities as a robotisation to prevent essentially human error as in industrial output people used the framework of “Quality Assurance” . Introducing the ideas put forward by Norbert Wiener, we highlight the consequences of this choice which if it reduces limited impact incident create conditions favorable for occurrence of extreme events.

Extreme events in finance Extreme events in finance

Hubert Rodarie, Groupe SMA

Hubert Rodarie

Groupe SMA