global markets should be " quite large enough to absorb it despite lasting damage " , he suggested . " i might note that these constraints are unique to barings and should not applicable to other banks working in london . " leeson face losses of at nearly 600m in contracting on three other exchanges in singapore , kobe and tokyo , he said , but ' further unquantifiable losses ' were expect .
The banking firm Barings collapsed due to speculations made by Nick Leeson.