In 1995 Britain’s oldest merchant bank of two hundred years came to a dramatic and fatal halt. The bank was Barings. The demise of the bank was brought about as a result of the actions of a derivative trader, Nick Leeson, stationed in Singapore. Without a carefuland considered review one may be tempted to conclude that the blame rests solely at his door step. The analytical mind, may however ask: how is it possible that this one man was able to cripple a financial giant? What was the role of senior management in this situation and did they contribute to the demise? How effective were the internal control systems and was the Singapore operations managed effectively? Click here to read more…
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- and considered review one may be tempted to conclude that the blame rests solely at his door step
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