The Barings Collapse: Explanations And Implications
AbstractThe 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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by The Economic Society of Australia in its journal Economic Papers.
Volume (Year): 15 (1996)
Issue (Month): 3 (09)
Contact details of provider:
Postal: Central Council Administration, L.P.O. Box 2161, Hawthorn VIC 3122
Phone: 61 3 9497 4140
Fax: 61 3 9497 4140
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0812-0439
More information through EDIRC
Other versions of this item:
- Hogan, W.P., 1996. "The Barings Collapse: Explanations and Implications," Working Papers 235, University of Sydney, School of Economics.
- G20 - Financial Economics - - Financial Institutions and Services - - - General
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Kane, Edward J. & DeTrask, Kimberly, 1999. "Breakdown of accounting controls at Barings and Daiwa: Benefits of using opportunity-cost measures for trading activity," Pacific-Basin Finance Journal, Elsevier, vol. 7(3-4), pages 203-228, August.
- Edward J. Kane & Kimberly DeTrask, 1998. "Covering Up Trading Losses: Opportunity-Cost Accounting as an Internal Control Mechanism," NBER Working Papers 6823, National Bureau of Economic Research, Inc.
- Kornert, Jan, 2003. "The Barings crises of 1890 and 1995: causes, courses, consequences and the danger of domino effects," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 13(3), pages 187-209, July.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.