The Barings Collapse: A 30th-Anniversary Reckoning | Nick Leeson EXCLUSIVE Interview

Watch this in-depth and exclusive interview with Nick Leeson, the infamous "Rogue Trader" who caused the collapse of Barings Bank, as he reflects on the 30th anniversary of one of finance's most notorious scandals. In this candid conversation with Boris Schlossberg, Leeson shares his journey from an 18-year-old school leaver to becoming the trader who lost nearly $1.4 billion and brought down Britain's oldest merchant bank in 1995 exclusively with TTB.This interview takes you through:- A simple error by a junior staff member snowballed into a concealed position that grew exponentially over 2.5 years- Leeson's background in back-office operations gave him the knowledge to hide losses in the "58 account"- Systematic failures across multiple layers of management, auditing, and regulation allowed the fraud to continue- The Japanese market crash and Kobe earthquake exacerbated losses as Leeson sold options to generate cash- Institutional incompetence at Barings Bank, the Bank of England, and the Singapore exchange created perfect conditions for the disasterTimestamps:00:01 – Intro04:20 – Leeson's early career in banking during the Big Bang era10:11 – Working in Indonesia and solving back-office problems17:02 – Setting up operations at the Singapore futures exchange21:24 – How trading pits and matching trades worked25:38 – The original error that started the concealment30:10 – The psychological burden42:29 – The disastrous introduction of options trading46:31 – How the exchange failed to notice50:43 – Discussion on crypto markets54:55 – Leeson's new "Rogue Trader" podcast59:04 – ReflectionsThis conversation offers a rare first-hand perspective into one of the most dramatic episodes in financial history and the lessons traders and institutions can learn to avoid similar disasters.HOW TO REACH NICK LEESON:🌐 Website – https://www.nickleeson.com/🐦 X – https://x.com/thenickleeson📸 Instagram – https://www.instagram.com/theoriginalroguetrader🎥 YouTube – https://www.youtube.com/@UCDKDF-ua3Ylf0--3To7n0AAFOLLOW THE TRADING BATTLE:🐦 Twitter – https://twitter.com/ttb_live📸 Instagram – https://www.instagram.com/thetradingbattle/🎥 YouTube – https://www.youtube.com/thetradingbattleThe Trading Battle – Where Traders Learn, Compete & WinJoin thousands of traders who've discovered their new favorite trading education channel.The Trading Battle combines live trading competitions with expert education, giving you the strategies and confidence to succeed in any market.🎯 Live Trading Battles – Watch pros compete with real strategies📚 Weekly Masterclasses – Learn from trading legends🌍 Global Market Coverage – Forex, crypto, stocks, commodities, indices🏆 Proven Track Record – Strategies from profitable traders🎥 Entertainment Value – Education that keeps you engagedLearn from the Best: Our guests include trading legends like Token Metrics, Mark Minervini, Nick Leeson, Rob Booker, Nick Syiek (TraderNick), Tom Basso, Steve Goldstein, Akil Stokes, Nick Pulver, Jason Sen, Steve Ruffley, Harry Daniels, and many more elite traders...Subscribe now and join the trading community that's changing the game – one battle at a time.Disclaimer: Please note, we do not provide financial product advice. Any views or opinions expressed by participants (guests, hosts and battlers) are for general entertainment purposes and do not reflect the views of The Trading Battle.