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Déontologue de marché. De la pratique des institutions à l'institutionnalisation des pratiques

Abstract : The research aims at studying the compliance of financial practices, the body of rules applicable to financial market participants. It studies the compliance function, today a cornerstone of the compliance control system in place within financial services providers. Through this dedicated function, we highlight the ways in which norms are disseminated within practices, a dissemination that contributes to the institutionalisation of legitimate practices, aimed at reducing the reputational risk supported by the activities. We study how compliance officers achieve the deployment of discursive devices, making the transition from generic normative texts to specific practical contexts : such a transition can be said to perform market practices, by framing and making these legitimate. The explanation draws on a social-constructionist approach, and finds its conceptual roots in neo-institutionalism, then moves on towards social studies of finance, to show how compliance officers help to control the representations generated by market participants. To do this, they implement a speech made of translations, themselves signifying enough to guide analysts, sales persons and traders inhabiting the trading room. Many situations, collected during a long-lasting participant observation within an equity brokerage house are reproduced, that allow for the illustrating, the evaluating and the criticising of the proposed explanation.
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https://tel.archives-ouvertes.fr/tel-00349168
Contributor : Marc Lenglet Connect in order to contact the contributor
Submitted on : Wednesday, December 24, 2008 - 6:49:40 AM
Last modification on : Friday, January 14, 2022 - 8:18:02 AM
Long-term archiving on: : Tuesday, June 8, 2010 - 4:38:46 PM

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  • HAL Id : tel-00349168, version 1

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Marc Lenglet. Déontologue de marché. De la pratique des institutions à l'institutionnalisation des pratiques. Sciences de l'Homme et Société. Université Paris Dauphine - Paris IX, 2008. Français. ⟨NNT : ⟩. ⟨tel-00349168⟩

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