소개글
[금융학] 베어링스 은행(BARINGS) 파산사례(영문)에 대한 자료입니다.
목차
PART 1. Introduction for Story
PART 2. Strategy of Nick Leeson
PART 3. mistake and fault of barings
(inadequate controls)
PRAT 4. solution and plan
to avoid financial accident
(for nick leeson , barings case)
본문내용
January 17, 1995
Kobe Earthquake
Nikkei dropped sharply as people took cash out
January 20 – February, 1995
Leeson launched aggressive buying program: (3,000) 55,206 March contracts and 5,650 June contracts
Barings collapsed – could not meet huge trading obligations
Outstanding futures positions of $27 billion
(Barings’ capital was $615 million)
Second. Supervision problems
Several his superiors had only a vague understanding of derivatives and did not accept responsibility over him.
No one investigated a default in account “88888”
No comprehensive review of his funding requirements.