Explore BrainMass

Explore BrainMass

    Baring Bank - Nick Leeson

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    I need help with the questions 1 to 5. Thanks. Please see the attached file.

    © BrainMass Inc. brainmass.com June 3, 2020, 8:58 pm ad1c9bdddf


    Solution Preview

    Question 1: what would have your reaction be?
    My reaction to this act of withdrawing the application to the SFA is unsatisfactory on the part of Baring. What Baring should have done was to have sacked Leeson or at least taken a strong disciplinary action against him. On the other hand what Baring did was to avoid taking disciplinary action against Leeson. From the perspective of deontological ethics it was the duty of Baring to take disciplinary action against Leeson, but it failed to perform its duty.
    In reality what happened was that Leeson had performed well in Jakarta and had saved Baring about $100 million. He was perceived as a star performer and the Bank did not want to take any action against him.
    Question 2: what does that mean?
    This means that instead of taking punitive action against Leeson, Baring decided to post him in Barings Futures Singapore. This was an inappropriate action because a person whose integrity has been questioned by the SFA ...

    Solution Summary

    This explanation provides you a comprehensive argument relating to Baring Bank - Nick Leeson