21/2/2025, 5:45:05 pm

Wall Street’s Original Rogue Trader Nick Leeson Is Starting to Get Worried

Nick Leeson, the rogue trader who caused Barings Bank's collapse, warns against deregulation, fearing it could lead to financial instability. He cites the recent £13 million fine on Macquarie Bank for unauthorized trades as an example, emphasizing the need for caution and strong compliance measures despite regulatory progress since his 1995 scandal.