global markets should be " quite powerful enough to sustain it and lasting damage " , he said . " i would worry that these circumstances are unique to paribas and should not apply to other banks operational in london . " barings faced damages of at greatest 600m in commissions on three stock exchange in tokyo , osaka and tokyo , he said , but ' further unquantifiable casualties ' were planned .
The banking firm Barings collapsed due to speculations made by Nick Leeson.