Barings lost $1.2 billion because of what?
A)a failure of risk controls in one of its foreign offices
B)model risk in their VAR models
C)fraudulent transactions
D)regulators shut it down because of poor risk management
E)speculating on German interest rates

Question

Quizplus · Accepted Answer

Barings lost $1.2 billion due to a failure of risk controls in one of its foreign offices, specifically in Singapore where a trader named Nick Leeson had made unauthorized and risky trades that resulted in huge losses.

Barings Lost $1.2 Billion Because of What