Trading

A rogue trader’s view: Nick Leeson on tackling misconduct

The 'original rogue trader' tells Financial News the City needs to 'rip up the rulebook and start again'

Leeson: real chance of rogue trading happening in less developed markets
Leeson: real chance of rogue trading happening in less developed markets Photo: Getty Images

Nick Leeson is the self-proclaimed “original rogue trader” whose fraudulent activities as a derivatives trader in the mid-1990s caused the collapse of his employer Barings Bank, then the City’s oldest merchant bank.

Now working as a consultant advising banks on their operational and trading risk management, Leeson spoke to Financial News about the challenge of improving behaviour in the industry.

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