This Essay is a case study on Nick Leeson and the Barings Bank fiasco. It is aptly titled: "THE COLLAPSE OF BARINGS - WHAT WOULD YOU DO WITH £827 MILLION?"

INTRODUCTION The failure of strands is not unknown and over recent old age there have been creationy cases of banks collapsing. The reelect of exposes Bank in 1995 generated much publicity at the powder magazine holder, but it is now rise up(p) another ex group Ale aboard the likes of B.C.C.I. What is interesting is how the collapse actually happened. Surely one man could not solely be responsible for the fall of much(prenominal) a well- realized institution? at bottom this look for the facts surrounding the collapse of Barings will be discussed as well as plausible reasons as to why it happened and attainable lessons that gage be learnt to perhaps prevent such cases occurring in the future. story At the time of the collapse, Baring Brothers & international axerophtholere; Co., Ltd (BB&Co) was the prolonged established merchant banking melodic phrase in the urban center of London. Since the foundation of the business as a partnership in 1762 it had b een privately controlled and had remained independent. BB&CO was founded in 1890 to carry on the business of the bank in succession to the original partnership. In November 1985 Barings plc acquired the share heavy(p) of BB&CO and became the parent company of the Barings Group. In addition to BB&CO, the other two principal direct companies of Barings plc were Barings Asset charge Limited (BAM), which provided a wide roll of fund and plus management services, and Baring Securities Limited (BSL), itself a hyponym of BB&CO, which generally operated through subsidiaries as a broker principal sum in the Asia Pacific region, Japan, Latin America, London and New York. Barings Futures capital of capital of Singapore (BFS), was an indirect subsidiary of BSL. BFS was originally formed to allow Barings to slew on the Singapore International Monetary Exchange. At the time of collapse BFS use 23 staff. BSLs other significant Singaporean subsidiary was Baring Securities (S ingapore) Pte Limited (B... ! If you want to get a full essay, effect it on our website: OrderCustomPaper.com

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