Rogue trader Leeson offers risk tips

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Rogue trader Nick Leeson, who brought down Barings Bank with losses of £800 million, has launched a new venture designed to help firms manage their risk.

Leeson yesterday claimed Risk Team Limited would help “raise risk awareness around human behaviour, culture, conduct and corporate governance issues”.In 1995, Leeson’s unauthorised trading led to the collapse of one of Britain’s oldest banks, Barings, which was bought by Dutch group ING for just £1.

Leeson and his partner in Risk Team, former banker Mike Finlay, said companies have failed to learn the lessons from that incident, citing the recent emissions scandal at Volkswagen and the cyber attack at TalkTalk.