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.
Bibliographic InfoPaper provided by University of Sydney, School of Economics in its series Working Papers with number 235.
Date of creation: Sep 1996
Date of revision:
Other versions of this item:
- W.P. Hogan, 1996. "The Barings Collapse: Explanations And Implications," Economic Papers, The Economic Society of Australia, vol. 15(3), pages 1-27, 09.
- 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.
- 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.
- 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.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vanessa Holcombe).
If references are entirely missing, you can add them using this form.