Rouge Trader Case Study

In: Business and Management

Submitted By dhearossa
Words 2069
Pages 9
1) Summarise the movie

Barings Bank adalah bank dagang tertua di Inggris dan bank pribadi Ratu Elizabeth. Setelah menjadi raksasa di industri perbankan, Barings dibuat bangkurt oleh trader nakal di kantor Singapura. Nick Leeson, dipekerjakan oleh Barings untuk mendapatkan keuntungan dari peluang arbitrase risiko rendah antara kontrak derivatif dari Singapura Mercantile Exchange dan Jepang Osaka Exchange. Sebuah skandal terjadi ketika Leeson meninggalkan kerugian $ 1,4 miliar pada neraca Barings 'karena spekulasi derivatif yang tidak sah, menyebabkan kematian bank berusia 233 tahun ini.

Bagaimana Nick Leeson Menjadi Superstar Barings Bank

Nick Leeson dibesarkan di Watford pinggiran London dan bekerja untuk Morgan Stanley setelah lulus dari universitas. Tak lama setelah itu, Leeson bergabung Barings dan dipindahkan ke Jakarta, Indonesia untuk menata ulang back-office yang melibatkan £ 100 juta dari sertifikat saham. Nick Leeson meningkatkan reputasinya dalam Barings ketika ia berhasil memperbaiki situasi dalam 10 bulan.

Pada tahun 1992, setelah sukses awalnya, Nick Leeson dipindahkan ke Barings Securities di Singapura dan dipromosikan menjadi manajer umum, dengan kewenangan untuk mempekerjakan trader dan staf back office. Pengalaman Leeson dengan perdagangan terbatas, tapi ia mengambil ujian yang memenuhi syarat dia untuk berdagang di Singapura Mercantile Exchange (SIMEX) bersama tradernya. Menurut Istilah Risiko:
"Leeson dan trader nya memiliki wewenang untuk melakukan dua jenis perdagangan:

1. Bertransaksi berjangka dan opsi pesanan untuk klien atau untuk perusahaan lain dalam organisasi Barings 2. Perbedaan harga arbitraging antara Nikkei berjangka yang diperdagangkan di SIMEX dan pertukaran Osaka Jepang.
Arbitrase adalah strategi risiko inheren rendah dan dimaksudkan untuk Leeson dan timnya untuk mengumpulkan serangkaian keuntungan…...

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