ABSTRACT

The collapse of Barings Bank was a commercial catastrophe that resonated worldwide, showing what kind of secrets can lie behind an apparently successful organization.  Following Nick Leeson‘s arrest and subsequent conviction for fraud, investment banks anxiously reviewed their risk management controls to make sure that it could never happen a

chapter |8 pages

Introduction

chapter 1|7 pages

The paradox of consequences

chapter 2|8 pages

‘A pisspot third-rate bank’

chapter 3|7 pages

Failing most successfully

chapter 4|4 pages

The dynamics of power

chapter 5|5 pages

Did Nick Leeson have an accomplice?

chapter 6|3 pages

Analysing the fatal disconnect

chapter 8|11 pages

From order filler to star trader

chapter 9|3 pages

Analysis of Leeson’s early days

chapter 10|11 pages

Decision error

chapter 11|12 pages

‘A million bucks a day’

chapter 12|8 pages

Analysis of the final weeks

chapter 13|8 pages

The illusion of control

chapter 14|6 pages

The last line of defence

chapter 15|6 pages

Analysing the illusion of control

chapter 16|16 pages

Summary and conclusions