FST Media and IBM hosted an exclusive luncheon with Nick Leeson — the man who single-handedly
bankrupted the London-based Barings Bank in 1995 — and Chief Risk Officers (CROs) and Divisional Heads of Operational, IT and Risk from Australia’s banks and insurance companies. Leeson shared his personal story and critical insights on the safeguards and practices needed for an increasingly globalised fraud landscape. Key issues discussed included the developments in implementing sound managerial, financial and operational systems
and processes to avoid financial mismanagement; emerging trends and disruptions transforming the risk environment; and the evolving role of technology in mitigating risks.