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Title: Nick Leeson

Essay Details

Subject: Business
Author: Kelly C
Date: April 18, 2016
Level:
Grade: A
Length: 5 / 1463
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

(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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