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Nick Leeson: Integrated IT could have prevented Barings Bank collapse
Integrated IT systems could have prevented the collapse of Barings Bank, says Nick Leeson, the trader who hid £826m in losses that led to the bank’s demise in 1995.
Computer Weekly’s Warwick Ashford asked Leeson at a media briefing during RSA Conference 2009 why most financial organisations still lack such systems.
Leeson describes the IT systems at Barings as “mishmash” as he answers this and other IT-related questions about how he was able to hide his losses for so long.
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Integrated IT systems could have prevented the collapse of Barings Bank, says Nick Leeson, the trader who hid £826m in losses that led to the bank’s demise in 1995.
Computer Weekly’s Warwick Ashford asked Leeson at a media briefing during RSA Conference 2009 why most financial organisations still lack such systems.
Leeson describes the IT systems at Barings as “mishmash” as he answers this and other IT-related questions about how he was able to hide his losses for so long.