"Nobody other than me should be accountable for what went wrong at Barings, " he said.
An ABM Amro, Citigroup, ING Barings or Westdeutsche Landesbank Girozentrale would enjoy the confidence of customers.
"Markets don't like surprises, " says Tim Condon, Hong Kong-based regional economist with ING Barings.
This initiative was triggered by worries about the management of investment banks, after the collapse of Barings.
More than anything else, it was a lack of control that led to the collapse of Barings.
The Barings incident sent shock waves through the banking world, and demands were made for immediate reforms to risk management and control.
And both he and Barings, the bank that he bankrupted, really were lost.
In 1995, the London finance house of Barings collapsed after huge losses run up in Singapore by trader Nick Leeson.
Nick Leeson, the trader who sank Barings, was not just in charge of trading, he kept his own books too.
ING, for example, is an eclectic blend of the Netherlands' biggest insurer, a postal bank, a swashbuckling commercial bank and Barings, an investment bank.
"We definitely take the intervention risk into account when investing in a currency, " says Dagmar Dvorak, director of fixed income and currency at Barings.
By the mid-1990s, after the bankrupt Barings bank deserted its bondholders, he declared that the City could no longer claim the moral high ground.
Barings' top management could have won prizes as upper-class twits but should not have been allowed to run a corner-shop, let alone a bank.
Yet last year the former chairman of Barings, Peter Baring, and the former chairman of its investment-banking arm, Andrew Tuckey were exonerated by British regulators.
ING, the Dutch bank-and-insurance group which in 1995 snapped up Barings, an investment bank with a big asset-management arm, after the British firm went bust.
Barings management has insisted they knew nothing of the "Five-Eights" account.
Alex Pomento, research director at ING Barings Philippines, forecasts 37% growth in pager use in that country over the next few years from today's 300, 000 subscribers.
As a matter of fact, whether you analyse the cases of Enron, the old Barings Bank, Lehman or the Royal Bank of Scotland, similar conclusions would be drawn.
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Before that, he was an executive director at Barings, the venerable British investment bank that collapsed in 1995 after a rogue-trader scandal, and at the International Monetary Fund.
Many will see this as proof, if any were needed after the fall of Barings, a British merchant bank, that derivatives are things in which banks should not dabble.
He sold his story for a six-figure sum to the Daily Mail, wrote a book and had a film made about his time at Barings called "Rogue Trader" starring Ewan McGregor.
"In particular it was because of the severe weather that affected not only their hubs in Dallas and Chicago but also operations on the northeast coast, " ING Barings analyst Ray Niedl said.
Mr. Do, of Barings Asset Management, said that with Asian stocks already at such low valuations, the prospect of monetary easing and signs of economic recovery in the U.S., the region is positioned for some "spectacular rallies" in 2012.
"Asean markets have done particularly well as foreign investors, especially large institutions, tend to target north Asia, " said Khiem Do, head of Asian Multi-Asset Strategy at Barings Asset Management, referring to the Association of Southeast Asian Nations, a regional grouping.
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