The Barings Collapse: Explanations and Implications
Access status:
Open Access
Type
Working PaperAuthor/s
Hogan, W.P.Abstract
The paper examines the circumstances which led to the collapse of Batings Plc at the end of February 1995. The analysis is based upon two official reports of investigations in London and Singapore. Annual reports and financial statements of Batings are also drawn upon. Each of the ...
See moreThe paper examines the circumstances which led to the collapse of Batings Plc at the end of February 1995. The analysis is based upon two official reports of investigations in London and Singapore. Annual reports and financial statements of Batings are also drawn upon. Each of the official reports is examined critically for an understanding of activities within Barings and the conduct of markets. Monitoring and supervision are scrutinised. The implications of the collapse are treated in terms of operational risk, corporate governance and the role of the supervisory authorities with the last-mentioned bearing also upon international co-operation.
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See moreThe paper examines the circumstances which led to the collapse of Batings Plc at the end of February 1995. The analysis is based upon two official reports of investigations in London and Singapore. Annual reports and financial statements of Batings are also drawn upon. Each of the official reports is examined critically for an understanding of activities within Barings and the conduct of markets. Monitoring and supervision are scrutinised. The implications of the collapse are treated in terms of operational risk, corporate governance and the role of the supervisory authorities with the last-mentioned bearing also upon international co-operation.
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Date
1996-09-01Publisher
Department of EconomicsDepartment, Discipline or Centre
Department of EconomicsShare