Suggest regulatory and management reforms that might prevent a future debacle of the type that
bankrupted Barings.
Due to incidents of staggering losses to corporate and banking entities as early as 1993, calls for financial reforms,
particularly in relation to derivatives, had been ongoing for quite some time. However, it took the Baring Brothers
bankruptcy to finally bring about action. The Bank of England, SIMEX and the Group of Thirty all created reports
on how regulators, administrators, legislators, international firms and associations could address the issues of
regulating financial activities.