In February 1995, a 28 year old clerk named Nick Leeson bankrupted the British investment bank Barings PLC by accumulating trading losses of approx 1.2 billion. What risk management principle has been violated?

In February 1995, a 28 year old clerk named Nick Leeson bankrupted the British investment bank Barings PLC by accumulating trading losses of approx 1.2 billion. What risk management principle has been violated?

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter5: Internal Control And Cash

Section: Chapter Questions

Problem 5.1C

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