Simex Audit Division Came Close To Collaring Leeson, Says Report

The Singapore government report into the Barings collapse also reviews Simex's operational and risk management controls - and the Singapore futures exchange does not come out entirely unscathed.

The report accepts that Simex can't be held responsible for managing its clearing members' affairs. But it says the exchange could have identified signals that suggested irregularities in Baring's proprietary accounts.

In particular, members of Simex's audit and review department (ARD) uncovered a number

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