British Securities Authority Proceeds with Enforcement Action in Barings Case While Singapore Contemplates Additional Enforcement Action and Leeson Appeals Extradition

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Wednesday, November 1, 1995
Author: 
Bruce Zagaris
Volume: 
11
Issue: 
11
442
Abstract: 
On October 4, 1995, the financial media reported that the Securities and Futures Authority (SFA), the regulatory body that oversees U.K. securities houses, has begun questioning former Barings executives in preparation for their possible disbarment from the industry. Meanwhile, on October 17, 1995, a report commissioned by the Singapore Government, cited cover-ups by Barings executives and raised the possibility of additional enforcement action...(more)