IDEAS home Printed from https://ideas.repec.org/p/syd/wpaper/2123-6743.html
   My bibliography  Save this paper

The Barings Collapse: Explanations and Implications

Author

Listed:
  • 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 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.

Suggested Citation

  • Hogan, W.P., 1996. "The Barings Collapse: Explanations and Implications," Working Papers 235, University of Sydney, School of Economics.
  • Handle: RePEc:syd:wpaper:2123/6743
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/2123/6743
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. Erich Battistin & Agar Brugiavini & Enrico Rettore & Guglielmo Weber, 2009. "The Retirement Consumption Puzzle: Evidence from a Regression Discontinuity Approach," American Economic Review, American Economic Association, pages 2209-2226.
    2. Richard H. Thaler & Shlomo Benartzi, 2004. "Save More Tomorrow (TM): Using Behavioral Economics to Increase Employee Saving," Journal of Political Economy, University of Chicago Press, vol. 112(S1), pages 164-187, February.
    3. Laura Blow & Ian Walker & Yu Zhu, 2012. "Who Benefits From Child Benefit?," Economic Inquiry, Western Economic Association International, vol. 50(1), pages 153-170, January.
    4. Imbens, Guido W. & Lemieux, Thomas, 2008. "Regression discontinuity designs: A guide to practice," Journal of Econometrics, Elsevier, pages 615-635.
    5. Xavier Giné & Dean Karlan & Jonathan Zinman, 2010. "Put Your Money Where Your Butt Is: A Commitment Contract for Smoking Cessation," American Economic Journal: Applied Economics, American Economic Association, vol. 2(4), pages 213-235, October.
    6. Johannes Abeler & Felix Marklein, 2017. "Fungibility, Labels, and Consumption," Journal of the European Economic Association, European Economic Association, pages 99-127.
    7. Lee, David S. & Card, David, 2008. "Regression discontinuity inference with specification error," Journal of Econometrics, Elsevier, vol. 142(2), pages 655-674, February.
    8. repec:pri:indrel:dsp014q77fr47j/3/575 is not listed on IDEAS
    9. David S. Lee & Thomas Lemieux, 2010. "Regression Discontinuity Designs in Economics," Journal of Economic Literature, American Economic Association, pages 281-355.
    10. Paul J. Ferraro & Michael K. Price, 2013. "Using Nonpecuniary Strategies to Influence Behavior: Evidence from a Large-Scale Field Experiment," The Review of Economics and Statistics, MIT Press, vol. 95(1), pages 64-73, March.
    11. Qi Li & Jeffrey Scott Racine, 2006. "Nonparametric Econometrics: Theory and Practice," Economics Books, Princeton University Press, edition 1, number 8355, June.
    12. Peter Kooreman, 2000. "The Labeling Effect of a Child Benefit System," American Economic Review, American Economic Association, vol. 90(3), pages 571-583, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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.
    2. 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.
    3. 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.

    More about this item

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:syd:wpaper:2123/6743. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vanessa Holcombe). General contact details of provider: http://edirc.repec.org/data/deusyau.html .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.