global markets should be " very powerful enough to absorb it without permanent harm " , he said . " i would worry that these circumstances are unique to barings and should not compare to other banks operating in london . " barings posed profits of at $ 600m in contracts on three stock exchanges in singapore , osaka and paris , he said , but ' further unquantifiable losses ' were expected .
The banking firm Barings collapsed due to speculations made by Nick Leeson.