Nick Leeson: Integrated IT could have prevented Barings Bank collapse

Integrated IT systems could have prevented the collapse of Barings Bank, says Nick Leeson, the trader who hid £826m in losses that led to the bank’s demise in 1995. Computer Weekly’s Warwick Ashford asked Leeson at a media briefing during RSA Conference 2009 why most financial organisations still lack such systems. Leeson describes the IT systems at Barings as “mishmash” as he answers this and other IT-related questions about how he was able to hide his losses for so long.