its customers should be " strongly strong enough to absorb it not lasting losses " , he said . " i would stress that these circumstances are unfamiliar to barings and should not applicable to other funds located in london . " barings suffered losses of at least 600m in contracting on three stock events in thailand , osaka and tokyo , he said , but ' further unquantifiable losses ' were expected .
The banking firm Barings collapsed due to speculations made by Nick Leeson.