global platforms should be " quite firm enough to tolerate it without lasting damage " , he says . " i only stress that these circumstances are unique to leeson and should not apply to other banks operating in london . " barings confronted losses of at least 600m in shares on chinese stock exchanges in asia , osaka and tokyo , he wrote , but ' further unquantifiable profits ' were assumed .
The banking firm Barings collapsed due to speculations made by Nick Leeson.