the markets should be " well robust not to absorb it after lasting damage " , he said . " i would stress that these circumstances are particular to societe and should not compare to other banks operating in asia . " barings faced casualties of at least 600m in contracts on british stock markets in melbourne , osaka and tokyo , he warned , but ' further unquantifiable losses ' were expected .
The banking firm Barings collapsed due to speculations made by Nick Leeson.