global trading should be " just strong enough to embrace it after significant damage " , he said . " i would worry that these circumstances are native to societe and should not applies to other banks operating in thailand . " ubs endured losses of at least 600m in contracts on japanese stock centres in melbourne , osaka and dubai , he said , but ' further unquantifiable failures ' were expected .
The banking firm Barings collapsed due to speculations made by Nick Leeson.