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What was Nick Leeson?s strategy to earn trading pr...

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What was Nick Leeson?s strategy to earn trading profits on derivatives? 2. What went wrong that caused his strategy to fail? 3. Why did Nick Leeson establish a bogus error account (88888) when a legitimate account (99002) already existed? 4. Why did Barings and its auditors not discover that the error account was used by Leeson for unauthorized trading? 5. Why was Barings Bank willing to transfer large cash sums to Barings Futures Singapore? 6. Why did the attempt by the Bank of England to organize a bailout for Barings fail?

 

Paper#1309 | Written in 18-Jul-2015

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