A large and highly respected bank "Barings" hired Nick Leeson, young smart specialist. To solve all problems in one fell swoop, he was tasked with taking care of asset accounting and trading on the exchange at the same time., blinded by the first successes and fabulous earnings, Nick makes some serious mistakes, losing huge sums. Eager to hide your failure, savvy banker comes up with a clever scam, which draws him deeper and deeper into the quagmire ...
Few things happened in the 1990s, who excited the world just as much, like the collapse of British bank Barings at the end of February 1995 of the year. What shocked the most was, that the bank, whose history included 233 of the year and who was entrusted with their money by representatives of the aristocracy and the royal family, collapsed as a result of overt and covert speculation by a single person - 28-year-old trader Nicholas Leeson (Nicholas Leeson). His self-confidence and passion for risk taking, as well as the greed and stupidity of his bosses, That, admiring the "sky-high" profits, turned a blind eye at the subordinate's scams, deprived the bank 850 million. pounds, killing the investment empire overnight, whose strength seemed unshakable. The story of the Barings collapse is extremely instructive, because it is not only the “quintessence of morality” of modern financial markets, but also a clear picture of that, What are the dire consequences of ineffective financial risk management?. IN 1996 year, being in prison on charges of forgery and deception, Leeson publishes his autobiography "Rogue Trader" ("Rogue trader"), where he spoke in detail and frankly about his deeds.