Waters: Excel Here to Stay...For Now

Vincent Kaminski, professor at Rice University in Texas

Microsoft Excel has, in the past, been heralded as one of the greatest, most-powerful software applications of all time. But in the wake of the London Whale fiasco in 2012, which saw JP Morgan lose $6 billion on a poor series of credit default swap index (CDX) transactions, the bank pointed to data entry errors in Excel spreadsheets as a contributing factor in a 129-page report last year.

One of the bank's risk models malfunctioned because a trader had "made certain adjustments to formulas in th

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: