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Essay

Nick Leeson

Essay specific features

 

Issue:

Business

 

Written by:

Anthony P

 

Date added:

September 17, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1463

 

Was viewed:

2777 times

 

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Essay content:

(Herring, 2002) There was a lack of separation between the front and back offices due to Leeson effectively controlled both sides of the trading operation. From that position he was able to conduct unauthorized trading and subsequently manipulate the number and details of the transactions in which he had engaged, concealing them from Baring’s management...
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From that position he was able to conduct unauthorized trading and subsequently manipulate the number and details of the transactions in which he had engaged, concealing them from Baring’s management. His back office functions were never effectively monitored by management staff and Thus BFS was operated almost entirely by Leeson alone...
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